President Marcos announces major fuel price rollback starting April 14

President Ferdinand Marcos Jr. announced a significant rollback in fuel prices set to take effect on Tuesday, April 14, with diesel prices dropping by more than PhP20 per liter, gasoline by over PhP4 per liter, and kerosene by more than PhP8 per liter.

Marcos said the price reductions form part of the government’s broader efforts to ease the impact of rising oil prices, noting that additional measures and assistance programs will be introduced in the coming days to help bring down transportation, food, and overall living costs.

“Mayroon po akong ibabalita sa inyo. Simula Martes, April 14, may malaking rollback sa presyo ng langis. Mahigit P20 ang ibababa sa diesel. Ang gasolina naman, may bawas na PhP4.43 kada litro. At sa kerosene, PhP8.50 kada litro ang ibababa,” the President announced.

He said the rollback would provide much-needed relief to drivers, commuters, and households affected by elevated crude oil prices.

At the same time, the President acknowledged that the reduction alone would not be enough, stressing that the government will continue to pursue ways to lessen the financial burden on Filipinos.

“Hindi pa ito sapat. Kaya tuloy-tuloy ang ginagawa ng pamahalaan para maibsan ang epekto nito sa inyong pang-araw-araw na buhay,” President Marcos added.

“Hindi po tayo titigil hangga’t hindi natin napapababa ang gastos sa biyahe, sa pagkain, at sa kabuuang pamumuhay ng ating mga kababayan.

“Sa mga susunod na araw at linggo, may iaanunsyo po ako na mga dagdag na hakbang at tulong mula sa gobyerno. Hindi natin hahayaang mapabayaan ang bawat Pilipino sa gitna ng mga hamong ito,” the President reassured.

He also assured that the government is continuously working for the public's benefit and for the people's reprieve from the rising cost of fuel and commodities.