4 oil firms raise prices anew-A A +A
Tuesday, August 14, 2012
MANILA – Oil firms Total Philippines, Pilipinas Shell, Petron Corporation and Chevron Philippines raised Tuesday prices of their petroleum products.
Effective 6 a.m., Shell and Total increased their prices at P1.80 per liter for unleaded and premium gas; P1.50 per liter for diesel; P1.70 per liter for regular gas.
Petron also implemented the same price increase except for regular gas at P1.60 per liter.
Shell and Petron also raised its kerosene by P1.60 per liter.
Meanwhile, Chevron (formerly Caltex) implemented the same price adjustment of Shell, but it will take effect at 12 p.m. Tuesday.
The four oil companies said there will be no price adjustments in calamity-affected areas.
For Total, price freeze will be implemented in Metro Manila, Bataan, Zambales, Tarlac, Pangasinan, Pampanga, Bulacan, Pagsanjan (Laguna), Bacoor, Rosario and Kawit in Cavite.
For Shell, price freeze is in effect in the National Capital Region, Bulacan, Rizal, Pampanga, Bataan, Zambales, Sta. Cruz and Pagsanjan in Laguna and Bacoor, Kawit and Rosario in Cavite.
For Petron, prize free will be implemented in Metro Manila, Bataan, Pampanga, Zambales, Bulacan, Laguna, Cavite, and Tarlac.
For Chevron, areas covered by the price freeze include the National Capital Region; Rizal; Pampanga; Bataan; Zambales; Sta. Cruz and Pagsanjan (in Laguna); Bacoor, Kawit and Rosario (in Cavite); and Bulacan.
Many oil companies said last week they would freeze prices in areas under a state of calamity due to rain and floods, which left more than 90 people dead.
According to the oil firms, the price increases reflect movements in the international oil market. (PNA/Sunnex)