President Ferdinand R. Marcos Jr. on Sunday confirmed a “big-time” rollback in fuel prices set to take effect on Tuesday, April 14, 2026, following weeks of consecutive increases.

In a video message, Marcos said diesel prices are expected to drop by more than P20 per liter, with the Department of Energy earlier estimating a decrease of around P20.89 per liter. Gasoline prices will be reduced by P4.43 per liter, while kerosene prices will go down by P8.50 per liter.

The President said the rollback would provide relief to drivers, commuters, and Filipino families affected by high fuel prices, but stressed that it is not enough.

He assured that the government will continue to implement measures to ease the impact of rising transportation, food, and living costs, adding that more assistance and interventions will be announced in the coming days and weeks.

"Kaya tuloy-tuloy ang ginagawa ng pamahalaan para maibsan ang epekto nito sa inyong pang-araw-araw na buhay. Hindi po tayo titigil hangga’t hindi natin napapababa ang gastos sa biyahe, sa pagkain, at sa kabuuang pamumuhay ng ating mga kababayan," the Executive chief said.

Marcos is also expected to decide on April 13 whether to suspend or reduce excise taxes on fuel products.

Fuel prices have surged in recent weeks due to tensions in the Middle East involving the United States, Israel, and Iran, which have disrupted global oil supply.

In response, the government has rolled out initiatives, including the declaration of a state of energy emergency under Executive Order No. 110 and the implementation of the UPLIFT program to help cushion the impact on affected sectors.