Oil companies raise prices
After the last price revision on January 6, oil companies have raised petrol prices for the second time this year.
OneShift Editorial Team
31 Jan 2009
Coming on the heels of OPEC's (Organization of Petroleum Exporting Countries) production cuts, Shell led the price increase when it upped prices between 5 and 7 cents per liter on January 29. The price of 95 RON currently stands at $1.546 per liter. Caltex, Esso, and SPC also raised their prices soon after.
Meanwhile, the price of diesel has gone down by 4 cents per liter, giving relief to taxi drivers and other companies which operate fleets of diesel vehicles.
Credits: JRC
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