Oil companies announced the reduction of oil prices this week.
Seaoil disclosed it will reduce gasoline prices by 90 centavos per liter, diesel prices by 1 peso and 70 centavos per liter, and kerosene prices by 1 peso and 65 centavos per liter which took effect at 6 a.m., Monday.
Shell and Petro Gazz will have the same price cuts starting 6 a.m., Tuesday.
Cleanfuel rolled back prices Sunday afternoon, while Phoenix Petroleum cut prices last Saturday.
International prices declined for five days last week due to concerns that the US-China trade deal may not spur enough demand, according to Reuters.