Fuel costs fall for second consecutive day as Esso, Shell reduce prices
For the second consecutive day, fuel prices in Singapore fell on Thursday (May 21) as both Esso and Shell posted adjustments to their respective diesel and petrol prices.Esso led the downward adjustments on Thursday afternoon, with a 6-cent reduction to its posted price for diesel — to $4.42, but held petrol prices steady.At 6pm the same day, Shell, the London-headquartered oil and gas company, announced that it had dropped prices across its petrol offerings by 3 cents — effectively reversing its 3-cent hike on May 18. No other fuel company here mirrored Shell's May 18 adjustments, when it also dropped diesel price by 3 cents.Two days later, on Wednesday, Shell again dropped its posted price for diesel by 3 cents. Following the latest round of adjustments, the price of the more popular 95-octane petrol now ranges from $2.64 at Cnergy to $3.47 at Caltex.