President Marcos Announces Major Fuel Price Rollback and Government Relief Measures
President Ferdinand Marcos Jr. declared on Saturday, April 18, 2026, a substantial reduction in oil prices expected to take effect within the week. In a video message, he detailed that diesel costs are projected to decrease by more than P24 per liter, gasoline by P3.41 per liter, and kerosene by P2 per liter.
"This rollback is larger than last week's and clearly signifies relief for everyone. Comfort is on the way," Marcos stated. He emphasized a direct appeal to oil companies, urging them to implement the reductions fully, accurately, and without delay, ensuring the public receives what is rightfully theirs.
Marcos called on citizens to report any potential violations of regulations to authorities, particularly the Department of Energy (DOE). "We are aware of every Filipino's situation during this time. We will not stop, back down, or allow this relief to fail to reach the people," he affirmed.
Government Assistance Programs for Transport Sector
In tandem with the price rollback, the government has rolled out several relief measures. The Department of Transportation has initiated a service contracting program for public utility vehicle (PUV) drivers, backed by a P1-billion fund allocation. Under this scheme, bus operators and drivers will receive P100 per kilometer, modern jeepneys and UV express drivers P40 per kilometer, and traditional jeepneys P30 per kilometer.
Additionally, Marcos confirmed the continuation of a P10 fuel discount for PUV drivers. To further alleviate burdens, a moratorium has been implemented on driver's licenses, student permits, conductor's licenses, and vehicle registrations set to expire this month. "For instance, if your registration expires this month, it remains valid until July without fines or surcharges. Extensions also apply to student permits and conductor's licenses," he explained.
Transport Sector Response and Concerns
Ellen Maghanoy, president of the Cebu Federation of Transport Cooperatives, expressed relief over the anticipated fuel price reduction in a phone interview with SunStar Cebu on Sunday, April 19. She highlighted that this development provides immediate breathing room for drivers and operators grappling with high operational costs.
However, Maghanoy raised concerns about the distribution of fuel aid. While the national fuel subsidy has been allocated in the region, she urged the Department of Social Welfare and Development (DSWD) 7 to expedite the distribution under the Assistance to Individuals in Crisis Situation (Aics) program. She noted that drivers received P1,500 through the Land Transportation Franchising and Regulatory Board (LTFRB) 7, which fell short of the expected P5,000, causing dissatisfaction.
LTFRB 7 Director Abosamen Matuan clarified that the P1,500 amount is because drivers are listed as beneficiaries of the DSWD's Aics program, which typically provides P5,000 in aid. Maghanoy added that as of Sunday, April 19, many drivers had yet to receive this assistance, even as payouts for motorcycle and tricycle drivers have begun, prompting cooperatives to voice their concerns.
