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'No evidence of anti-competitive behaviour by petrol firms'

A 2017 study says though the petrol majors track each other's moves, their prices do not always move in sync

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MTI Senior Parliamentary Secretary Tan Wu Meng says competition watchdog will act if evidence of anti-competitive activity surfaces.

Singapore

THERE is no evidence of anti-competitive behaviour by petrol companies here, and a fall in oil prices may not always mean a drop in retail petrol prices, said Senior Parliamentary Secretary for Trade and Industry Tan Wu Meng in Parliament on Tuesday.

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