Big Fuel Rollback Today: Diesel Drops by Up to P23, Gasoline Also Gets Relief
Motorists in the Philippines are getting a breather as fuel companies roll back diesel, gasoline, and kerosene prices starting Tuesday, April 14.
Filipino motorists are finally getting some relief this week after several fuel retailers announced major pump price rollbacks effective 6 a.m. on Tuesday, April 14. The cut is especially big for diesel, which had been hit by a long stretch of weekly increases that squeezed drivers, commuters, and businesses.
Based on advisories cited by GMA News Online, Petron cut diesel prices by P20.89 per liter, gasoline by P4.43 per liter, and kerosene by P8.50 per liter. Shell Pilipinas announced even steeper reductions, trimming diesel by P23.00 per liter, gasoline by P6.50 per liter, and kerosene by P11.50 per liter. Unioil also rolled back diesel by P20.90 per liter and gasoline by P4.50 per liter.
Even with the rollback, the drop does not fully erase the pain from the long run of price hikes seen in recent weeks. GMA News reported that gasoline had already logged 13 straight weeks of increases, while diesel and kerosene had gone up for 15 consecutive weeks before this round of cuts arrived.
The Department of Energy had earlier projected a rollback of P4.43 per liter for gasoline, P20.89 per liter for diesel, and P8.50 per liter for kerosene, based on average international trading prices. Energy officials also warned that pump prices are still unlikely to return soon to much lower levels, partly because of continued geopolitical tensions and damage to major energy infrastructure in the Middle East.
For consumers, the immediate takeaway is simple: Tuesday brings a meaningful but possibly temporary break at the pump. With global oil risks still hanging over the market, Filipino drivers may want to enjoy the rollback while it lasts and keep watching for the next weekly price move.
Source: GMA News Online
