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Saturday, June 28, 2008 |
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Pump prices go up
P1.50 |
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World oil prices reach new record highs near $140 |
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Local fuel pump rates are poised to increase again today, as world
oil prices soared to new highs near $142 a barrel on Friday.
Pilipinas Shell Petroleum Corp.
announced Friday that it will be increasing its fuel prices by P1.50
per liter in order to recoup its under-recoveries from the soaring
prices of oil in the world market.
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O T H E R R E P O R T S
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Sulpicio says
Pagasa to blame for sinking
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After claiming that the sinking
of their ship MV Princess of the Stars was an “act of God,” an
official of Sulpicio Lines Inc. blamed the weather bureau for
causing the incident in central Philippines last week.
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Meralco eyes
efficiency to reduce rates
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Giant utility Manila Electric Co.
(Meralco) is targeting to reduce its system-loss charges below the
cap set by the Energy Regulatory Commission this year. Its plan
would redound to a reduction in consumers’ electricity bills.
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Pesticides on
‘princess’ halt retrieval work
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Officials suspended on Friday
recovery operations at a sunken ferry containing hundreds of corpses
after learning it was carrying large amounts of highly toxic
pesticide.
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Grief-stricken
groom waits for bride from sunken ferry
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Jimmy Relativo’s voice was full
of pain, as he sat on the shoreline just meters away from the sunken
Philippine ferry that is now his pregnant fiancée’s tomb.
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Oil companies
behind smear drive vs. biofuels – Sen. Zubiri
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Sen. Juan Miguel Zubiri charged
that oil firms are behind the increasing attack on the
government’s biofuels program by raising fears on its supposedly
adverse effects on food production.
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Taiwan asserts
claim to island in Spratlys
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Taiwan asserted its claims to the
largest of the disputed Spratly islands, while it called for better
relations with two rival claimants—the People’s Republic of
China and the Philippines.
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US Navy doctors to
help Philippines
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ILOILO: US Navy doctors will help
local medics treat victims of Typhoon “Frank” in central
Philippines, an American commander said Friday, despite threats from
communist guerrillas.
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