Shell, Chevron to hike diesel prices, too

MANILA, Philippines - Major oil firms Chevron Philippines (formerly Caltex) and Pilipinas Shell will increase the prices of their diesel by P.030 per liter Friday. In a text message, Chevron corporate communications manager Antonio Nebrida said the increase in the price of their Powerdiesel, which would take effect 12:01 Friday, was due to the increase in the price of diesel in Mean of Platts Singapore (MOPS). Shell's adjustment would also take effect 12:01 a.m., according to a report on GMA News' "Saksi." Earlier, independent oil firm Total Philippines announced that it would also increase its diesel price by P0.30 per liter. Radio dzBB said the price adjustment would take effect 6 a.m. Friday. - GMANews.TV