Philippine President Marcos Confirms P24.94 Diesel Price Reduction on April 21, 2026

President Ferdinand Marcos Jr. announced a P24.94 per liter diesel price rollback, effective April 21, 2026, after several days of anticipation. This significant decrease aims to provide immediate relief to consumers facing rising fuel costs, marking one of the largest recent reductions. The government and oil companies are now expected to facilitate the full implementation of this rollback to ensure market stability.