Petrol prices rise for second straight day as Shell matches Caltex’s hike

Motorists in Singapore saw a second consecutive day of pump price hikes after Shell on Thursday (Oct 22) matched Caltex’s Wednesday increase.The latest adjustments also mark the first fuel price hikes in consecutive weeks since Sept 14, when rates rose again after more than two months.AsiaOne observed that until this week, price hikes had been posted every alternate week.In a price board update published at 10am, London-headquartered Shell announced a three-cent increase across its 95-octane, 98-octane and V-Power petrol grades.Like Caltex, Shell also kept the price of its diesel unchanged.Following the latest round of posted adjustments, the price of the more popular 95-octane petrol at major fuel companies here now ranges from $3.56 per litre at SPC to $3.60 per litre at Caltex and Shell.