The Business Times
business-time-50

Petrol companies ordered to explain latest price hikes

google-preferred-sourceAdd BT as a preferred source
Published Wed, Feb 25, 2015 · 03:44 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

[SINGAPORE] Petrol companies have been ordered by the Competition Commission of Singapore (CCS) to explain their latest price rises, which were more than the recent increase in government duty.

The move came after the Consumers Association of Singapore (Case) on Tuesday accused the four players here - Caltex, Esso, Shell and Singapore Petroleum Company (SPC) - of profiteering.

Full story HERE.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More