Chevron raises pump prices

First round of price hikes  for 2010
Jan 4, 2010

Chevron (formerly Caltex) Philippines raised pump prices by as much as P1.25 per liter Tuesday morning.

Chevron hiked diesel and kerosene product prices by P1.25 a liter, and gasoline products Gold, Silver and Silver E10 by P1 a liter. Regular gasoline price was raised by 50 centavos a liter.

"Upward adjustments are due to higher prices of MOPS (Mean of Platts Singapore)," said Chevron spokesperson Toby Nebrida in a text message.

MOPS is the benchmark used by importers of refined oil products.

Petron implemented a price hike of P1.25 for kerosene and P1 for gasoline prior to Chevron's move, the Inquirer reported.

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