Philippine President Ferdinand Marcos Jr. has announced a sweeping reduction in fuel prices set to take effect on Tuesday, April 21, with diesel falling by ₱24.94 per liter — the largest single cut in recent weeks. Gasoline will drop by ₱3.41 per liter and kerosene by ₱2 per liter, following a ₱20-per-liter diesel rollback that took effect just days earlier on April 14. The reductions matter significantly in the Philippines, where diesel powers jeepneys (the country's ubiquitous public minibuses) and freight trucks that carry goods nationwide, though prices remain more than double pre-conflict levels after a US-Israel war on Iran in late February sent fuel costs surging.