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Sunday, May 18, 2008

 

Major oil players hike fuel and LPG prices

Latest round of price increases from major players may not be the last

Already hobbled with rising food and electricity prices, there is no end in sight for consumers’ woes as oil companies once again hiked fuel and cooking gas prices at the start of the weekend.

Petron Corp., Pilipinas Shell Petroleum Corp., Chevron Philippines, Inc. and Total (Philippines) Corp., increased the price of their pump products by P1 for gasoline, P0.50 for diesel, and P0.50 for kerosene on Saturday.

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O T H E R   R E P O R T S

 

The Blas F. Ople Policy Center expressed concern that inadequate incomes and a severe lack of job opportunities could escalate the number of illegal recruitment cases.

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Gonzalo Co It vowed to pursue the estafa case filed in the Parañaque, Pasay and Manila Regional Trial Courts against 13 directors and shareholders of Green Cross, Inc., saying he will not stop until the accused are jailed. Co It is the founder of the company that preceded Green Cross.

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Tropical storm “Cosme” (international name ‘Halong’) gained strength as it approached the northern Philippines and was expected to hit land late Saturday, the government weather station said.

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A CATHOLIC Church official lauded the P20 wage increase for the private sector workers in Metro Manila, which is very low compared to the P120 and P60 across the board wage increase sought by labor and trade groups, respectively.

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The Philippine Air Force will buy 18 trainer planes from Italian aircraft manufacturer Alenia Aermacchi for P625 million, an air force spokesman said Saturday.

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Ping Oco, Franklin Bartolay
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