MANILA, Philippines — A significant rollback in fuel prices is set to take effect on Tuesday, April 14, according to announcements from oil companies.

Initial estimates show that diesel prices will decrease by ₱7.00 to ₱8.00 per liter, while gasoline prices will go down by ₱3.00 to ₱4.00 per liter.

This marks one of the largest fuel price reductions in recent months, offering potential relief to motorists, particularly those in the transport sector who heavily rely on diesel.

Industry analysts say the rollback is likely driven by movements in global oil markets, including easing supply constraints and shifts in international demand.

The price cut is expected to have a broader economic impact, as fuel costs influence transportation fares and the prices of basic goods. Lower diesel prices, in particular, could help reduce logistics expenses, which may eventually ease the cost of commodities.

Motorists are advised to monitor official announcements from oil companies for the exact implementation of the new prices at fuel stations.