OIL PRICE WATCH as of April 16, 2026

MANILA, Philippines – Following this week’s big-time rollback in diesel prices, motorists have somehow felt temporary relief at the pump after weeks of steep increases driven by global market volatility. While the recent adjustment offers breathing room, uncertainty in the global energy market remains a key factor that could influence pump prices as tensions in the Middle East remains unstable. Any escalation in the region could quickly reverse the downward trend, potentially triggering fresh price hikes in the coming weeks. Below are the pravailing prices of oil gathered and monitored by the INQUIRER team as of Thursday, April 16, 2026.... Keep on reading: OIL PRICE WATCH as of April 16, 2026

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