Pilipinas Shell, Petron and Chevron will reduce the prices of their petroleum products by 95 centavos effective 12:01 a.m., Tuesday.
The price cut will be for gas, kerosene and diesel.
According to the oil companies, the rollback was caused by movements of prices in the international oil market.
This is the second time that they lowered pump prices for this month.
Last week, oil firms also slashed the price of kerosene by 95 centavos and diesel by 85 centavos.