Sinopec hikes diesel price by 21 cents amidst rising consumer concerns
newsare.net
China-headquartered oil and chemical company Sinopec caught up on the diesel surge, raising its posted price for diesel by 21 cents on Tuesday (March 31) morning.Its move follows that of Shell's 20-cent diesel hike over the weekend, and that of Caltex, Esso aSinopec hikes diesel price by 21 cents amidst rising consumer concerns
China-headquartered oil and chemical company Sinopec caught up on the diesel surge, raising its posted price for diesel by 21 cents on Tuesday (March 31) morning.Its move follows that of Shell's 20-cent diesel hike over the weekend, and that of Caltex, Esso and SPC on Monday. As with the other major fuel companies in Singapore, Sinopec kept its petrol prices unchanged.Diesel prices here first started to surpass the price of 95-octane petrol on March 12 with Caltex and Shell raising their respective posted price for diesel to $3.38.On that day, the price of 95-octane petrol was recorded at $3.35 at both fuel companies.Following the latest round of diesel hike by Sinopec, the price of diesel now ranges from $3.92 at SPC to $4.13 at Caltex, Esso and Shell. Read more
