In separate advisories on Monday, Pilipinas Shell Petroleum, Eastern Petroleum, Phoenix Petroleum, PTT Philippines, Seaoil, Unioil, Flying , and Jetti said they will roll back prices of both gasoline and diesel by 65 centavos.
Shell, Seaoil and Flying V will lower kerosene prices by 55 centavos per liter.
Petron, Caltex and Total are expected to also adjust their pump prices.
Pilipinas Shell Petroleum, Phoenix Petroleum, PTT Philippines, Eastern Petroluem, Unioil and Jetti said they will implement the price changes at 6 a.m. on Tuesday.
Seaoil and Flying V said their price adjustments will take effect at 12:01 a.m., also On Tuesday.
Department of Energy (DOE) oil monitoring for Metro Manila as of November 8 showed that diesel prices ranged from P26.40 to P29.97 with a common price of P27.30; gasoline from P36.05 to P44.75 with a common price of P42.73; and LPG (liquefied petroleum gas) in P11-kilogram cylinder from P430 to P661.
Also the monitoring showed that gasoline had a net increase of P4.69 per liter for the year and diesel had a net hike of P6.63 per liter.
LPG had a net decrease of 65 centavos per kilogram, in wake of an increase of P3.79 per kg on November 1, 2016.
The latest price changes resulted from average price movements for the previous five trading days in the global markets.