NATIONAL
Advocates Philippines
Marcos Announces Fuel Rollback Next Week
Screengrab from Bongbong Marcos
Motorists in the Philippines are set to see a significant reduction in fuel prices next week following an announcement from President Ferdinand “Bongbong” Marcos Jr. on an upcoming rollback in petroleum products.
In a social media post, the President confirmed that fuel prices will be reduced starting next week, citing continued government efforts to ease the burden on consumers.
The posted price adjustments include diesel at 124.94, gasoline at 3.41, and kerosene at 2.00, which are expected to reflect the upcoming rollback in local pump prices once oil companies implement the changes.
Oil firms are expected to finalize and announce the official adjustments within the week, with implementation likely taking effect shortly after.
The Department of Energy has been coordinating with industry players to ensure that movements in global oil prices are properly reflected in local pricing, while also monitoring supply stability and inventory levels nationwide.
Fuel price adjustments in the Philippines are based on international benchmark movements, particularly the Mean of Platts Singapore (MOPS), which tracks refined oil product trading in Asia.
Authorities said the latest rollback reflects recent shifts in global oil market conditions and ongoing efforts to provide relief to consumers facing transportation and commodity costs.
In a social media post, the President confirmed that fuel prices will be reduced starting next week, citing continued government efforts to ease the burden on consumers.
The posted price adjustments include diesel at 124.94, gasoline at 3.41, and kerosene at 2.00, which are expected to reflect the upcoming rollback in local pump prices once oil companies implement the changes.
Oil firms are expected to finalize and announce the official adjustments within the week, with implementation likely taking effect shortly after.
The Department of Energy has been coordinating with industry players to ensure that movements in global oil prices are properly reflected in local pricing, while also monitoring supply stability and inventory levels nationwide.
Fuel price adjustments in the Philippines are based on international benchmark movements, particularly the Mean of Platts Singapore (MOPS), which tracks refined oil product trading in Asia.
Authorities said the latest rollback reflects recent shifts in global oil market conditions and ongoing efforts to provide relief to consumers facing transportation and commodity costs.
Apr 18, 2026
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