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

Tuesday, March 31, 2009

April 1, 2009 Major News Stories

Oil firms hike prices, lower LPG prices

In a text message, Pilipinas Shell spokesperson Roberto Kanapi said, the increase in pump prices is needed to reflect higher production costs.

Flying V said it will also implement a similar adjustment also at the same time.

Total Philippines, in a text message from its corporate affairs executive Tata Villegas, meanwhile said it will implement a similar hike in its products effective 6 a.m. Wednesday.

PTT on the other hand said it will just implement a P1.00 per liter hike in its diesel and gasoline products effective 6 a.m. April 1.

Pilipinas Shell and Petron also said it will roll back the prices of their respective LPG products by P2.00 per kilogram effective 12:01 a.m. Wednesday. The price reduction was reportedly "due to softer import costs." Total Philippines said it will lower prices of its LPG products P2.00 per kilogram but effective 6 a.m.

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