PRESS DIGEST - Philippine newspapers - May 6

MANILA, May 6 (Reuters) - These are the leading stories in Manila newspapers on Tuesday. Reuters has not verified these stories.

- Moro Islamic Liberation Front (MILF) rebels who occupied a coastal village in the southern Philippines have left the area, allowing residents to return home. (THE PHILIPPINE STAR, PHILIPPINE DAILY INQUIRER)

- The outgoing chairman of the Commission on Human Rights said on Monday the government had failed to promptly address a spate of extrajudicial killings. (THE PHILIPPINE STAR, PHILIPPINE DAILY INQUIRER)

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BUSINESS

- Local fuel prices will continue to increase with oil companies saying they still had to recover at least 6 pesos ($0.14) per litre in the coming weeks. (ALL PAPERS)

- The government is unlikely to buy back the 40 percent stake of Saudi Aramco in Petron Corp. (PCOR.PS: Quote, Profile, Research, Stock Buzz) due to budgetary constraints, a senior government official said. (MANILA STANDARD TODAY)

- The Bureau of Customs failed to meet its collection target for the fourth straight month in April after falling 53 million pesos short of the 21.7 billion peso goal, preliminary reports indicate. (THE PHILIPPINE STAR) ($1 = 42.23 pesos) (Reporting by Carmel Crimmins; Editing by Alan Raybould)