Philippine President Ferdinand Marcos Jr. announced on Sunday a rollback in domestic fuel prices taking effect April 14, with diesel set to fall by at least ₱20 per litre, gasoline by ₱4.43, and kerosene by ₱8.50. The cuts come as global oil markets remain volatile amid Middle East tensions, which have driven local pump prices to record highs in recent weeks. Marcos acknowledged the reductions alone would not fully offset rising living costs, and pledged additional government measures to ease the burden on transport, food, and basic goods for Filipino consumers.