Following President Ferdinand R. Marcos Jr.’s call to ease the impact of fluctuating global oil prices on consumers, major local oil companies have begun offering fuel discounts to motorists.

Presidential Communications Undersecretary and Palace Press Officer Claire Castro said aside from a rollback in fuel prices, the Department of Energy (DOE) announced that nine oil companies have committed to providing fuel discounts to drivers of public utility vehicles (PUVs), non-PUVs, and transport network vehicle services (TNVS).

“Alinsunod ito sa panawagan ng Pangulo na magkaisa ang gobyerno at private sector para tulungan ang taumbayan na salagin ang epekto ng pabago-bagong oil prices sa world market,” Castro said in a Palace press briefing on Tuesday.

The fuel companies offering discounts for PUVs and non-PUVs are Petron, Shell, Caltex, Seaoil, Phoenix, PTT, Jetti, Clean Fuel, and Petro Gazz.

Meanwhile, Shell, Seaoil, and Phoenix will offer fuel discounts for TNVS drivers.

This initiative comes despite the continued decline in global oil prices.

The DOE announced a rollback in fuel prices, effective July 1, as follows: gasoline – PhP1.70 per liter, diesel – PhP2.20 per liter, and kerosene – PhP2.30 per liter.

Motorists are encouraged to coordinate with participating gas stations for specific guidelines on how to avail of the fuel discounts.

The collaborative effort between the government and the private sector underscores the Marcos administration’s commitment to easing the economic burden on motorists and ensuring that the public benefits from declining global oil prices.

President Marcos has previously instructed his economic managers to shield consumers from potential oil price shocks amid ongoing geopolitical tensions, particularly between Israel and Iran.

While fuel subsidies are not currently deemed necessary, the President assured the public that the government remains ready to provide support if conditions worsen. | PND