President Ferdinand R. Marcos Jr. on Sunday said the upcoming rollback in fuel prices will provide much-needed relief to Filipinos, but stressed that government interventions will continue as the reduction remains insufficient.
In a video message, Marcos announced that starting Tuesday, April 14, oil prices will see significant cuts.
“Diesel prices will go down by more than PHP20. Gasoline will be reduced by PHP4.43 per liter, and kerosene by PHP8.50 per liter,” he said.
The President noted that the rollback would ease the burden on drivers, commuters and households affected by high fuel costs.
However, Marcos acknowledged that the price reduction alone will not fully address the impact of rising fuel costs.
“This is still not enough,” he said.
He assured the public that the government is implementing additional measures to cushion the effects of global oil price volatility, which has been driven in part by tensions in the Middle East.
“That is why the government continues to act to ease its impact on your daily lives,” he added.
Marcos said more interventions will be announced in the coming days, aimed at reducing transportation, food and overall living costs.
“We will not stop until we bring down the cost of transport, food, and overall living,” he said.
The government has been rolling out targeted measures, including fuel subsidies and transport support, as part of its response to the ongoing energy emergency.
Marcos reiterated that protecting Filipino households remains the administration’s priority.*PNA
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