OIL PRICE WATCH as of April 22, 2026

Yesterday, April 21, motorists saw another significant, double-digit rollback for diesel.

This means P112 per liter for the regular diesel and around P147 per liter for premium variants-significantly lower from previous highs of about P170 per liter. Gasoline and kerosene also saw small rollbacks of P3.41 and P2 per liter, respectively.

The big-time rollback in pump prices is attributed to the easing of tensions in the Middle East-ceasefires are being extended while select oil tankers are now starting to sail through the Strait of Hormuz despite the continuing United States blockade.

Below are the oil prices monitored and gathered by the INQUIRER team as of April 22, 2026.

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