INDEPENDENT oil player Flying V reduced its pump prices on Sunday.
Other industry players are expected to make similar announcements today.
In an advisory, Flying V said it cut its prices of gasoline by 10 centavos per liter and diesel by 20 centavos per liter.
The oil price rollback was the consequence of the adjustment of crude prices in the world market, it said.
In separate text messages, Petron Corp., Chevron and Eastern Petroleum said they will make their respective announcements on Monday.