Manila, April 12 -- President Ferdinand R. Marcos Jr. on Sunday said the upcoming rollback in fuel prices will provide much-needed relief to Filipinos, but stressed that government interventions will continue as the reduction remains insufficient.

In a video message, Marcos announced that starting April 14, oil prices will see significant cuts.

"Mahigit PHP20 ang ibababa sa diesel. Ang gasolina naman, may bawas na PHP4.43 kada litro. At sa kerosene, PHP8.50 kada litro ang ibababa (Diesel prices will go down by more than PHP20. Gasoline will be reduced by PHP4.43 per liter, and kerosene by PHP8.50 per liter)," he said.

The President noted that the rollback would ease the burden on drivers, commuters and households affected by high fuel ...