UKRAINE CONFLICT
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Government monitoring petrol prices to ensure there is no profiteering: Tan See Leng
There could be further measures to safeguard Republic's energy security, he adds; business consumers can now enjoy longer-term fixed-price electricity contracts
Published Thu, Mar 10, 2022 · 09:50 PM
Singapore
SINGAPORE'S antitrust authorities are keeping a close watch to ensure petrol companies do not profiteer from the recent surge in crude oil prices that has occurred after war broke out in Ukraine, said Second Minister for Trade and Industry Tan See Leng on Thursday (Mar 10).
At the same time, the government is prepared to put in place further measures to safeguard Singapore's energy security and assist affected businesses if needed, amid concerns of spiraling costs for firms, Dr Tan said in Parliament.
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