Petrol companies ordered to explain latest price hikes

[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.