Monday, August 22, 2011

Oil firms raise pump prices anew

MANILA, Philippines - Three oil companies raised their fuel prices Tuesday.

Pilipinas Shell Petroleum Corp. raised the pump price of unleaded gasoline by P1.40 per liter; regular gasoline by 90 centavos per liter; and diesel and kerosene by 40 centavos per liter effective 12:01 a.m. August 23.

Chevron (formerly Caltex) and Seaoil also raised their fuel prices by the same amounts, effective 6 a.m. Tuesday.

Other oil firms are expected to follow suit.

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