President Ferdinand Marcos Jr. announced a massive fuel price rollback effective Tuesday, April 21, 2026, with diesel prices dropping by ₱24.94 per liter, gasoline by ₱3.41 per liter, and kerosene by ₱2.00 per liter, offering significant relief to motorists and households across the Philippines.

The announcement was made in a video message on April 18, where Marcos emphasized that the rollback is larger than the previous week’s ₱20 per liter cut for diesel. “Mas malaki ito kaysa sa rollback noong nakaraang linggo at malinaw ang ibig sabihin nito para sa ating lahat. May ginhawang parating,” he said, underscoring the government’s commitment to easing the burden of high fuel costs.

The rollback comes after weeks of volatile global oil prices driven by instability in the Middle East. In Metro Manila, diesel prices had ranged between ₱120 and ₱160.20 per liter earlier this month, with a common price of ₱153.70. 

The new reduction is expected to bring prices down to levels not seen in months, providing immediate relief to public transport operators, delivery services, and households reliant on diesel-powered generators.

Marcos also urged oil companies to implement the rollback fully and without delay. “At sa ating mga oil companies, malinaw naman ang aking panawagan. Ipatupad ninyo ang rollback nang buo, tama, at walang pagkaantala,” he said, stressing that consumers should directly benefit from the price cuts.

The Department of Energy (DOE) has been monitoring pump prices closely and is expected to issue updated advisories to ensure compliance. Transport groups have welcomed the announcement, noting that the rollback could help stabilize fares and reduce operating costs.

This latest rollback follows a series of government interventions aimed at cushioning Filipinos from the global energy crisis, including the suspension of excise taxes on LPG and kerosene. Analysts say the diesel cut is particularly impactful, as diesel fuels most public utility vehicles, trucks, and agricultural machinery, meaning the benefits will ripple across the economy.

With the rollback set to take effect on April 21, motorists and households are advised to monitor pump prices and ensure that the reductions are reflected in retail stations nationwide. The government has vowed to keep the public updated on further developments in fuel pricing.