Shell, Chevron to hike oil prices anew


Posted at Jul 19 2011 12:10 AM | Updated as of Jul 19 2011 08:10 AM

MANILA, Philippines - Oil firms Shell Philippines and Chevron Philippines (formerly Caltex)  have announced a fuel price hike to be implemented Tuesday.

The prices of their gasoline products will increase by 30 centavos per liter, diesel by P1.10 per liter, and kerosene by P1 per liter.

Other retailers are expected to follow suit.   

With the rising fuel prices, transport group Pasang Masda wants the Land Transportation Franchising and Regulatory Board (LTFRB) to raise the minimum fare for jeepneys to P8.50

"Pag di pa kami pinansin, pupunta na kami sa kalye," Pasang Masda president Obet Martin warned.

Other transport groups belonging to partylist 1-UTAK also plan to announce their preferred fare hike on Tuesday.

The LTFRB said fare hike petitions need to go through public hearings.