Marcos announces huge rollback in diesel, gasoline prices next week

By Joyce Ann L. Rocamora, Philippine News Agency

President Ferdinand R. Marcos Jr. announces a bigger fuel price rollback next week in a taped video message released on Saturday (April 18, 2026). (Screenshot of video courtesy of MPC)

MANILA – Motorists can expect respite in the coming days, President Ferdinand R. Marcos Jr. said on Saturday, as he announced a huge price rollback of PHP24.94 per liter for diesel, PHP3.41 for gasoline, and PHP2 for kerosene next week.

“Mas malaki ito kaysa sa rollback noong nakaraang linggo at malinaw ang ibig sabihin nito para sa ating lahat — may ginhawang parating (This is bigger than last week’s rollback and it means there is relief coming),” he said in a taped video message.

Marcos then urged all oil companies to implement the price cut in “fuIl.”

“Ipatupad ninyo ang rollback ng buo, tama at walang pagkaantala. Ibigay ninyo sa taong bayan ang dapat naman na nasa kanila (Implement the rollback fully, correctly and without delay. Give the people what they deserve),” he said.

In cases of violation, Marcos said the public may reach out to the Office of the President and the Department of Energy for immediate and appropriate action.

“Kung may paglabag, ipaalam po ninyo sa amin. Kikilos kami kaagad (If there is a violation, let us know. We will act on it),” he said.

Meanwhile, he said government relief measures for the transport sector will continue, including the PHP10 fuel discount for public utility vehicles and buses, as well as the Service Contracting Program for drivers.

He also noted that the Land Transportation Office (LTO) has now granted a three-month extension to the validity of expired license, student permit, conductor’s license and vehicle registration.

“Kung mag-e-expire ngayong buwan ang lisensya o rehistro mo, magiging valid pa rin ‘yan hanggang July at wala kang babayarang multa o anumang surcharge (If your license or registration is expiring this month, it will still be valid until July, and you will not pay any fine or surcharges),” he said.

“Batid namin ang sitwasyon ng bawat Pilipino sa panahong ito. Hindi tayo titigil. Hindi tayo uurong. At hindi natin hahayaan na ang ginhawang ito ay hindi po makarating sa taong-bayan (We are aware of the situation of every Filipino during this time. We will not stop. We will not back down. And we would ensure that relief would reach the public),” he added.