President Ferdinand Marcos Jr. made a significant announcement on Saturday, April 18, 2026, revealing a substantial oil price reduction set to take effect within the week. In a video message, the President detailed the expected decreases, which are poised to bring much-needed relief to Filipino consumers and businesses alike.
Details of the Fuel Price Rollback
According to President Marcos, diesel prices are projected to drop by more than P24 per liter, while gasoline will see a decrease of P3.41 per liter and kerosene by P2 per liter. He emphasized that this rollback is larger than the one implemented the previous week, signaling a clear benefit for the public. "This is larger than last week’s rollback, and it clearly means something for all of us. Relief is coming," Marcos stated, underscoring the positive impact on everyday Filipinos.
Call to Action for Oil Companies
President Marcos issued a direct appeal to oil companies, urging them to implement the price reductions fully, accurately, and without any delays. "And to our oil companies, my call is clear. Implement the full rollback, properly and without delay. Give the public what rightfully belongs to them," he added. He also encouraged the public to report any potential violations of regulations to authorities, particularly the Department of Energy (DOE), to ensure compliance and transparency.
Government Commitment to Public Welfare
In his address, Marcos reaffirmed the government's dedication to supporting Filipinos during this period. "We are aware of the situation of every Filipino at this time. We will not stop, we will not back down, and we will not allow this relief to fail to reach the people," he declared, highlighting a steadfast approach to economic challenges.
Additional Relief Measures for Transportation Sector
Alongside the fuel price rollback, the government has implemented several other initiatives to aid the transportation industry. The Department of Transportation's service contracting program, with a P1-billion fund allocation, continues to provide financial support to public utility vehicle drivers. Under this program, bus operators and drivers receive P100 per kilometer, modern jeepneys and UV express drivers get P40 per kilometer, and traditional jeepney operators are paid P30 per kilometer.
Furthermore, President Marcos confirmed that the P10 fuel discount for PUV drivers will remain in effect. Additionally, a moratorium has been placed on driver’s licenses, student permits, conductor’s licenses, and vehicle registrations set to expire this month. "For example, if your registration is set to expire this month, it will still remain valid until July, and you won’t have to pay any fines or surcharges. Aside from driver’s licenses and vehicle registration, the validity of student permits and conductor’s licenses has also been extended," he explained, offering further financial respite to motorists.
Broader Implications and Public Response
These combined measures are expected to alleviate economic pressures on Filipino households and businesses, particularly in the transportation and logistics sectors. The fuel price reduction, coupled with extended deadlines for licenses and registrations, aims to reduce operational costs and enhance cash flow for individuals and enterprises. As the government monitors implementation, public cooperation in reporting irregularities will be crucial to ensuring the success of these relief efforts.
