MANILA, Philippines – President Ferdinand Marcos Jr. on Sunday, April 12, announced a significant rollback in fuel prices, calling it a much-needed reprieve for consumers still grappling with increased transport and commodity costs.

In a video statement, Marcos said that diesel is expected to drop by at least P20 per liter, gasoline by P4.43 per liter, and kerosene by P8.50 per liter. The rollback will take effect on Tuesday, April 14.