Metro Manila, Philippines – A major fuel price rollback took effect Tuesday, with diesel prices dropping by nearly ₱25 per liter, oil firms announced.
Petron, Shell, and Seaoil announced the implemented rollbacks effective 6 a.m., April 21, cutting diesel prices by ₱24.94 per liter, gasoline by ₱3.41 per liter, and kerosene by ₱2.00 per liter.
President Ferdinand Marcos Jr. earlier confirmed the rollback, calling it a significant relief for consumers.
“Mas malaki ito kaysa sa rollback noong nakaraang linggo, may ginhawang parating,” he said.
[Translation: This is bigger than last week’s rollback, relief is coming.]
The president directed oil companies to implement the price cuts fully and without delay.
“Ipatupad ninyo ang rollback ng buo, tama, at walang pagkaantala,” he said.
[Translation: Implement the rollback fully, correctly, and without delay.]
He also urged the public to report any violations to authorities.
“Kung may paglabag, ipaalam po ninyo sa amin. Kikilos kami kaagad,” Marcos said.
[Translation: If there are violations, report them to us. We will act immediately.]
The rollback comes after weeks of successive price hikes driven by global oil market volatility linked to tensions in the Middle East.
Despite the reduction, the government said fuel subsidies and support measures remain in place, including the ₱10 per liter discount for public utility vehicles and the ongoing service contracting program.
