Shell board approves IPO

Royal Dutch Shell Plc, the parent company of Pilipinas Shell Petroleum Corp., has approved the initial public offering (IPO) of its Philippine unit, the Department of Energy (DoE) said, finally moving forward a milestone that has long been awaited by the industry.  Read more here.

7 oil companies raising gasoline prices today

At least seven oil companies are raising pump prices of petroleum products starting today.  In separate advisories, Flying V, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., Eastern Petroleum Corp., SEAOIL Philippines Inc., TOTAL Philippines Corp., and Pilipinas Shell Petroleum Corp. noted gasoline prices will go up by 35 centavos per liter and diesel by 40…