Over the weekend, President Ferdinand Marcos Jr. announced that another round of fuel-price rollbacks will take effect this week. The President then asked all oil companies to implement the adjustments as listed.
For the week of April 20 to 26, 2026, diesel prices will go down by as much as P24.94/L, while gasoline costs will be cut by P3.41/L. Finally, kerosene will also roll back by P2.00/L. These prices have been echoed by the Department of Energy and other concerned government agencies.
The incoming fuel adjustment also comes without the suspension of excise taxes. Previous reports have shared that the government remains hesitant about suspending excise taxes on diesel and gasoline, due to a minimal effect on overall prices. However, excise taxes on LPG and kerosene have been lifted.
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Marcos then reiterated that the government will be continuing its fuel subsidy program for PUV drivers. Under that, operators should be able to receive a P10/L discount on their fuel purchases, with a maximum consumption limit of 150 liters.
The government’s Net Service Contracting Program is also in full effect, providing additional income for drivers and offering discounts on commuter fares. The Department of Transportation aims to continue this initiative until July 2026, but that will require an additional P5 billion.
However, fuel prices have remained high. From April 15 to 17, a transportation strike took place as PUV drivers and operators voiced their concerns amid the ongoing fuel crisis. Drivers have shared that their earnings have bottomed out at P150 to P200 per day.
