The latest news stories from the major news organizations in Cebu and Manila in the Philippines, the US and other countries.

Tuesday, January 27, 2009

January 28, 2009 Major News Stories

Oil firms hike gasoline prices

But officials of Shell and Petron separately announced they will also cut diesel prices by P0.75 per liter and kerosene by P1 per liter.

Shell and Chevron's price adjustments take effect a minute after midnight Wednesday.

Meanwhile, Petron's price adjustment will take place 6 a.m. Wednesday, said spokesman Virginia Ruivivar.

PTT Phil. will also raise the price of its gasoline products by only 50 centavos a liter, also effective at 12:01 a.m.

At 6 a.m. Wednesday, Total will hike its gasoline prices by P1 a liter, but will cut the price of diesel by 75 centavos a liter, and kerosene, by P1 a liter.

This is the third time this month that gasoline prices have been increased. Shell and Chevron have hiked their gasoline prices thrice for a total of P2.25 a liter.

By contrast, prices of diesel and kerosene have gone down for the fifth time this month.

Unioil Phil. led the P2-a-liter diesel and kerosene price rollback on Monday, followed by Eastern Petroleum which effected a P1 cut in its diesel and kerosene prices Tuesday.

Seaoil Phil. also slashes prices of its diesel and kerosene by P1 a liter effective 2 p.m. Tuesday while PTT reduced the prices of its diesel products only by P1 a liter, effective a minute after midnight last night.

Oil down on weak housing numbers

Bombing, airstrike shake Gaza truce

No comments:


About Me

My photo
RP's Best Radio Station