The dust had barely settled on the Government's announcement of a first tranche of support measures for businesses, households and industry sectors impacted by the ongoing Middle East conflict when two fuel companies — Sinopec and SPC — again hiked their diesel prices for a second consecutive day.China-headquartered oil and chemical company Sinopec raised its posted price for diesel at around 4pm by 25 cents to $4.68  — mirroring prices set earlier by Esso and Shell on Monday — while SPC also raised its diesel price, but by 20 cents to $4.62. Both companies had also carried out upward price adjustments on Monday, by 20 cents and 30 cents respectively.This means that Sinopec raised its diesel price by 45 cents over two days, while SPC increased its price by 50 cents over the same period. Read more