Shell, Chevron hike pump prices

ABS-CBN News

Posted at Jul 11 2011 11:41 PM | Updated as of Jul 12 2011 11:15 PM

MANILA, Philippines - Oil giants Shell and Chevron have announced a new round of price hikes.

For Chevron, the following will be the price hikes, which will take effect at 6 a.m. on Tuesday (July 12). 

Caltex Gold, Gold E10, Silver, Silver E 10 - P 2.00 per liter
Regular gasoline - P 1.50 per liter
Diesel and Kerosene - P 0.80 per liter.

Shell, on the other hand, said it would increase pump prices effective 12:01 a.m., 12 July 2011.

Unleaded gasoline by P 2.00  per liter,
Regular gasoline by P 1.50 per liter, 
Diesel and kerosene by P 0.80 per liter

The two companies said the pump price hikes reflect the increase in international product prices. -- report from Alvin Elchico, ABS-CBN News