Shell and Seaoil on Thursday said they will not implement an oil price hike next week in areas affected by the recent flooding. This despite an increase in the prices in the world market.
"The move will, hopefully, help alleviate the current predicament many of our countrymen find themselves in where they have to manage the impact of the floods and rains," Roberto Kanapi, Pilipinas Shell Vice-President for Communications and Government Relations, said.