President Ferdinand R. Marcos Jr. on Sunday, April 12, 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 April 14, oil prices will see significant cuts.
“Mahigit P20 ang ibababa sa diesel. Ang gasolina naman, may bawas na P4.43 kada litro. At sa kerosene, P8.50 kada litro ang ibababa (Diesel prices will go down by more than P20. Gasoline will be reduced by P4.43 per liter, and kerosene by P8.50 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.
“Hindi pa ito sapat,” 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.
“Kaya tuloy-tuloy ang ginagawa ng pamahalaan para maibsan ang epekto nito sa inyong pang-araw-araw na buhay,” he added.
Marcos said more interventions will be announced in the coming days, aimed at reducing transportation, food and overall living costs.
“Hindi po tayo titigil hangga’t hindi natin napapababa ang gastos sa biyahe, sa pagkain at sa kabuuang pamumuhay,” 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
