EXXONMOBIL is increasing its pump prices today, a week after
competitors Caltex, Shell and BP did so.
Like the other oil companies, petrol at Esso and Mobil service
stations now costs three cents more a litre, and diesel, two cents
more a litre.
'We have held off increasing our pump prices as long as we could,'
ExxonMobil said in a statement released yesterday. It gave the same
reason as the others, blaming 'cost increases in
internationally-traded motor gasoline and diesel'.
Caltex was the first to initiate a price hike last Tuesday. BP and
Shell followed suit within two days.
This leaves Singapore Petroleum Company as the only company which
has not increased its petrol prices.
Not only that, it is still offering a 10-per-cent petrol discount
at its Bukit Timah station.
24 April 2002
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