'Bigger rollback' on fuel prices expected in the coming days—Marcos
President Ferdinand “Bongbong” Marcos Jr. announced that there will be a "bigger rollback" in fuel prices in the coming days.
In a video message, the chief executive stated that diesel prices are expected to go down by around P24.94 per liter. Gasoline, on the other hand, will decrease by P3.41 per liter, while kerosene will drop by P2 per liter.
"Mas malaki ito kaysa sa rollback ng nakaraang linggo at malinaw ang ibig sabihin ito para sa ating lahat: may ginhawang parating," Marcos said.
"At sa ating mga oil company, malinaw naman ang aking panawagan. Ipatupad ninyo ang rollback nang buo, tama, at walang pag-aantala. Ibigay ninyo sa taong bayan ang dapat naman na nasa kanila," he stressed.
He also encouraged the public to report their complaints to the Department of Energy should they see any violations, noting that they will act immediately.
Apart from the price rollback, public utility vehicles and buses will also continue to be provided with the P10 fuel discount.
"Tuloy din ang service contracting program para sa mga PUV drivers. Ang bawat sentimo na ibinababa ay dapat maramdaman ng bawat Pilipino," Marcos said.
"Alam naman namin kung gaano kahalaga ang oras ng bawat kababayan natin. Ang bawat oras natin ay dapat ginugugul sa ating pamilya, sa eskwela, sa trabaho, hindi po sa nakapila," he added.
The Department of Transportation and Land Transportation Office will also implement a three-month extension for the validity of expiring driver’s licenses, student permits, and vehicle registrations.
"Halimbawa, kung mag-e-expire ngayong buwan ang rehistro mo, magiging valid po rin 'yan hanggang Julay at wala kang babayarang multa o anumang surcharge," Marcos explained.
"Hindi tayo titigil, hindi tayo uurong, at hindi natin hahayaan na ang ginhawang ito ay hindi po makarating sa taong bayan," he underscored.
This week, diesel, gasoline, and kerosene prices had dropped by at least P20.89, P4.43 and P8.50 per liter, respectively.
Since the beginning of the Middle East war on Feb. 28, fuel supply in the Philippines has been uncertain largely due to the closure of the Strait of Hormuz by Iran, and now the supposed blockade by the US.
