Caltex becomes second company to raise petrol prices this week; third consecutive week of hikes
Motorists in Singapore are feeling the strain on their wallets heading into the weekend, with Caltex matching Shell's Oct 29 increase on Friday (Oct 30).In a price board update published at 11am, Chevron-owned Caltex announced that it has raised prices for its 92-, 95-octane and premium petrol offerings by three cents each, while keeping its diesel price unchanged.This follows its last round of price increments posted on Oct 21, also by 3 cents per litre.In recent weeks, Shell and Caltex have taken turns to hike petrol prices, with Esso and Sinopec usually the next to raise prices, and lastly, SPC.But SPC did not raise prices last week, despite the four other major fuel companies doing so.Following the latest round of price increments, the price of the more popular 95-octane petrol at the five major fuel companies now ranges from $3.56 at SPC to $3.63 at Caltex and Shell.