Petron, Pheonix to hike pump prices Thursday

MANILA, Philippines - Oil giant Petron Corporation and small oil player Phoenix will also jack up their pump prices on Thursday. A report aired over QTV's "News on Q" said Petron and Phoenix will implement a P1 per liter on their diesel and kerosene prices, and P0.50 per liter on their gasoline prices. Pilipinas Shell had made a similar announcement earlier. Adjustments for Petron and Shell will take effect 12:01 a.m. Thursday, while Phoenix's will take effect 6 a.m. - Aie Balagtas See, GMANews.TV