Justify pump price increases, says Case to petrol companies in Singapore
Published Wed, Feb 25, 2015 · 02:10 AM
[SINGAPORE] Petrol companies here have been asked to justify their increase in pump prices, after they were accused of profiteering by the nation's consumer watchdog.
The Consumers Association of Singapore (Case) has sent letters to the main players here asking each of them to justify the increases, which in some cases, were larger than the size of the tax hikes. The letters should reach them today.
Full story HERE.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease
Orsted says Taiwan wind project to power TSMC on track for 2025 finish