Caltex kicks off second consecutive week of petrol price hikes
For the first time since Sept 14, when fuel rates in Singapore rose after two months of unchanged prices, motorists in Singapore are seeing a second consecutive week of price hikes.AsiaOne has tracked every movement since and had previously reported that major fuel companies were observed to have raised prices every alternate week amid global oil supply volatility and rising crude oil prices.But Caltex's move on Wednesday (Oct 21) is the first instance of fuel hikes in consecutive weeks since September, and its latest after its last round of price adjustments on Oct 12.In a price board update published at 2pm, Chevron-owned Caltex announced a 3-cent increase across its 92-, 95-octane and premium petrol offerings, while keeping its diesel price unchanged.As at 8.30pm, no other major fuel companies here have yet to join in the latest round of hikes.