00:00President Ferdinand Marcos Jr. announces another oil price rollback expected to take effect
00:05Tuesday, April 21. Marcos says diesel prices would be reduced by 24 pesos and 94 centavos
00:11per liter, gasoline by 3 pesos and 41 centavos per liter, and kerosene by 2 pesos per liter.
00:17The price cut for diesel is bigger than the 20 pesos per liter that took effect Tuesday, April 14.
00:22The reduction will bring down the common price of diesel in NCR from 153 pesos and 70 centavos
00:28to 128 pesos and 76 centavos per liter. But this is still more than double the 55 pesos per liter
00:35common price of diesel in NCR before the U.S.-Israel war on Iran began on February 28. Diesel is the
00:42most critical fuel in the country since it is used by jeepneys and trucks to deliver goods,
00:47especially farm produce. Marcos also urges oil companies in the country to implement the rollback
00:52in the fall.
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