Major Fuel Price Rollback Announced by Petroleum Firms in the Philippines
In a significant development for consumers, petroleum companies have confirmed a substantial fuel price rollback effective Monday, April 20, 2026. This announcement follows advisories from major industry players, including Pilipinas Shell and Seaoil, detailing notable reductions across key fuel types.
Details of the Price Adjustments
The rollback includes a P24.94 per liter decrease for diesel, bringing its price down to less than P100 per liter for the first time in recent memory. Additionally, gasoline prices will see a reduction of P3.41 per liter, while kerosene will drop by P2.00 per liter. This move comes on the heels of last week's adjustments, which saw diesel prices fall by P23.00 per liter, gasoline by P6.50 per liter, and kerosene by P11.50 per liter.
Government Insights on Fuel Inventory and Consumption
During a press conference, Energy Secretary Sharon Garin provided context for these price changes. She revealed that as of April 17, the country's fuel inventory has reached a level sufficient to last up to 52 days, a notable increase from the 45-day supply recorded on March 20. Garin attributed this boost in inventory to steady fuel deliveries and a significant decrease in consumption.
"People have consciously started saving fuel," Garin stated. "I believe that work-from-home arrangements, carpooling, and all the other measures we have been practicing—whether as a government, in the public sector, in private businesses, or even at the household level—have been very effective in ensuring that we prolong and protect our inventory levels."
Regulatory Measures Under National Energy Emergency
Garin also emphasized the government's enhanced regulatory authority under the state of national energy emergency declared by President Ferdinand 'Bongbong' Marcos Jr. This declaration empowers the government to prescribe fuel price hikes or set minimum rollback levels on pump prices.
"Whenever there's an announcement, or they notify us of their adjustment and it is not in accordance with the minimum that we have said, then we are ready to issue a show cause order to that company," Garin explained. "So far, all companies have been compliant. They need to explain properly why they are not complying. If they cannot provide a sufficient explanation, then that could be grounds for us to revisit their permit, as they are failing to follow the conditions of the permit."
This regulatory framework aims to ensure that fuel price adjustments align with national interests and consumer protection, providing a safeguard against arbitrary pricing by petroleum firms.
