Another independent oil player, Flying V, will roll back its petroleum prices by 12:01 a.m. Sunday.
In an advisory Saturday evening, Flying V will reduce the prices of its premium and unleaded gasoline by P0.40/L and diesel by P0.50/L, effective 12:01 a.m Sunday.
Earlier, SeaOil, another independent oil player rolled back prices of its petroleum stocks effective 12.01 a.m. Saturday.
The rollback, according to the advisory, aims to "reflect price movements in the international petroleum market."
There was as yet no word of a price movement from other oil companies.
Last Tuesday oil companies implemented price hike by more than a peso higher per liter.
The movement is the third for the month of February.