Several oil firms announced on Monday the implementation of a major rollback in fuel prices this week.

In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil said they will slash prices per liter of gasoline by PHP 2.10, diesel by PHP 3, and kerosene by PHP 2.30.

Petro Gazz and Cleanfuel will likewise implement the same changes, except for kerosene which they do not carry.

The changes will take effect at 6 AM on Tuesday, February 7, while Cleanfuel will implement the adjustment at 12:01 AM on the same day.