Fuel prices
Fuel tax cut on petrol and diesel takes effect
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The German government's fuel discount took effect at midnight. Taxes on petrol and diesel drop by about 17 cents per litre for two months. It remains unclear how quickly pump prices will reflect the cut.
The petrol price has dropped to 14 kronor and 14 öre per liter at stations in Jönköping. The government has temporarily cut the tax on petrol and diesel by 3 kronor per liter until 30 September.
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Diesel and kerosene prices may decrease by more than P11 per liter today, the Department of Energy said, though some oil companies chose smaller cuts.
MANILA, Philippines — The transport strike entered its fourth week as drivers’ groups intensified calls for a rollback in fuel prices. At the current world market rate, fuel prices should range from P70 to P75 per liter, said Manibela chairperson Mar Valbuena.
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Nairobi police arrested 11 people during protests against fuel price hikes announced by EPRA on Tuesday, April 21. Demonstrations occurred in several areas including Embu and Kitengela, with some violence reported. Commander Issa Mohamud said the situation remains calm with businesses operating normally.
President Ferdinand Marcos Jr. urged Southeast Asian nations to activate and test their fuel-sharing pact, citing vulnerabilities exposed by the Middle East conflict for import-dependent economies. The Department of Energy said another round of fuel rollbacks remains possible next week, though officials cautioned against assuming the downtrend will hold amid global oil market volatility. DOE also ordered fuel firms to report storage capacities to prepare for disruptions.
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Oil firms confirmed price rollbacks effective 6 a.m. Tuesday, April 14, matching Department of Energy projections: diesel down P20.89 to P23 per liter, gasoline P4.43 to P4.50, and kerosene P8.50. The cuts end surges of over P100 on diesel since late February's Middle East crisis. President Marcos suspended excise taxes on LPG and kerosene, while a jeepney subsidy launches.
Analyst predicts fuel price relief might be on the cards
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