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Shell to hike pump prices Tuesday


MANILA, Philippines - Major oil player Pilipinas Shell will increase the prices of its gasoline, kerosene, diesel and liquefied petroleum gas on Tuesday. In a text message, Shell vice president for communications Roberto Kanapi said they would increase the prices of their gasoline by P0.50 per liter, and diesel and kerosene by P0.75 per liter to reflect higher product costs. Kanapi said they would also impose a P1.50 per kilogram increase on their LPG prices to reflect higher international contract price. All the price adjustments would take effect 12:01 a.m. Tuesday, Kanapi said. Other oil firms have yet to announce if they would match Shell’s price hike. - GMANews.TV
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