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Shell matches Caltex's 3-cent petrol price hike

London-headquartered Shell on Monday (Oct 12) evening raised prices across its petrol grades, matching an earlier increase posted by Caltex in the afternoon.In a price board update published at 5.30pm, Shell announced that it had also increased prices across its petrol grades by 3-cent per litre, while keeping its diesel prices unchanged.Its last adjustment, posted on Sept 29, was a...

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Shell matches Caltex's 3-cent petrol price hike
Shell matches Caltex's 3-cent petrol price hike

London-headquartered Shell on Monday (Oct 12) evening raised prices across its petrol grades, matching an earlier increase posted by Caltex in the afternoon .

In a price board update published at 5.30pm, Shell announced that it had also increased prices across its petrol grades by 3-cent per litre, while keeping its diesel prices unchanged.

Its last adjustment, posted on Sept 29 , was a 5-cent-per-litre increase across its 95-octane, 98-octane and V-Power petrol grades, while keeping its diesel price unchanged. Caltex later mirrored the move on the same night .

Shell and Caltex are now tied for the highest posted price of 95-octane petrol in Singapore, before discounts.

Prices are correct as at 5.30pm on Oct 13. All prices are before discounts.

*Indicates change to posted price(s) made on Oct 12.

Oil prices fell on Tuesday as investors assessed the possibility of increased Russian energy supplies entering global markets against the backdrop of the ongoing Saudi-Houthi conflict and related supply disruptions.

The Trump administration had on Monday announced a temporary easing of restrictions on Russian fuel supplies, despite bipartisan criticism from US lawmakers, who warned that the move could undermine sanctions imposed over Moscow's ongoing war in Ukraine.

Under the agreement, Russia would be allowed to supply diesel to the US and global markets for six months.

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