MANILA, Philippines — President Ferdinand Marcos Jr. has officially announced a significant reduction in fuel prices for the coming week, headlined by a massive ₱24.94 per liter rollback for diesel.
In a video message released on Sunday, April 19, 2026, the President issued a stern directive to oil companies to implement the price cuts in full and without delay, emphasizing that the relief is essential for Filipinos recovering from global oil price shocks.
The latest round of rollbacks, which follow a similarly large reduction last week, are as follows:
- Diesel: ₱24.94 decrease per liter.
- Gasoline: ₱3.41 decrease per liter.
- Kerosene: ₱2.00 decrease per liter.
“This sends a clear message for everyone: there is relief coming,” Marcos said in Filipino, noting that every cent of the rollback should be felt by the public.
Beyond the pump price adjustments, the President announced a suite of administrative measures to alleviate the burden on motorists and public utility vehicle (PUV) drivers:
- License & Registration Extension: The validity of driver’s licenses and vehicle registrations expiring in April 2026 will be extended by three months.
- Waiver of Penalties: Late renewal penalties for those covered by the extension period will be waived by the Land Transportation Office (LTO).
- Direct Monitoring: The public is encouraged to report any oil companies that fail to reflect the full rollback to the Office of the President or the Department of Energy (DOE).
- Subsidy Continuation: The ₱10 per liter fuel subsidy for PUV drivers remains active, alongside the government’s service contracting program.
This is the second major rollback since the start of the conflict between the United States and Iran on February 28, 2026, which sent global energy markets into a tailspin. While prices are still higher than pre-war levels, the consecutive double-digit cuts represent a significant cooling of the market.
“Give the Filipinos what they deserve,” the President stated, calling on oil retailers to ensure that the “big” rollback is reflected at the stations by Tuesday morning. The Department of Transportation (DOTr) will be monitoring compliance nationwide to ensure that the reduction benefits the transport sector and the general public immediately.