After enforcing mixed price adjustments on fuel last week, the country’s “Big 3” oil companies this time reduced the price of all their fuel products.

Bobby Kanapi, spokesperson for Pilipinas Shell, said that the company pulled down gasoline prices by P0.50 a liter and diesel and kerosene prices by P0.75 a liter. The oil giant’s rollback took effect at 12:01 a.m. Monday.

Slashing pump prices by the same increments at 6 a.m. was Petron Corp., the country’s largest oil refiner.

The other major player, Chevron Philippines (formerly Caltex), implemented P0.50 per liter price cuts on gasoline and diesel also at past midnight Monday.

However, Toby Nebrida, Chevron’s chief communications official, said that they would impose an additional P0.25-liter rollback on their diesel price effective Monday noon, bringing the total adjustment on the commodity to P0.75 a liter.

Last June 29, or a day before President Benigno “Noynoy” Aquino III was officially sworn in, big and small oil companies reduced gasoline prices by P0.25 a liter but jacked up prices of diesel and kerosene by P0.50 a liter.

Seven days earlier, the same oil firms hiked retail prices by P1.

Monday’s rollback was made to reflect the latest movements in the international market, Kanapi said in his advisory to reporters.

Meanwhile, other oil firms, particularly the small players, have yet to announce an adjustment as of press time. The Big Three makes up for at least 70 percent of fuel products in the domestic market.

The latest price adjustments brought down the average retail price of fuel in Metro Manila to as follows: P43 for gasoline (unleaded); P34.50 for diesel and P43 for kerosene.