Pump prices are up again.
Caltex and Singapore Petroleum Company (SPC) yesterday raised the price of petrol by two cents a litre, and diesel by 10 cents a litre, setting new record highs. The increase is the fourth since last month and the 10th consecutive climb since July last year.
It brings a litre of petrol as high as $2.33 and diesel to $1.76 at Caltex, operated by United States oil giant Chevron. At SPC, petrol has gone up as high as $2.21 a litre while diesel hit $1.76.
The other oil companies with petrol stations here – Shell and ExxonMobil – are expected to follow suit as oil prices closed above US$125 (S$173) a barrel last week.
