
Sinopec, SPC raise fuel prices, sustain 2nd consecutive day of hikes

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Sinopec and SPC have raised fuel prices for the second consecutive day, following earlier adjustments by Shell, Esso, and Caltex. Oil prices increased slightly to USD$103 amid geopolitical tensions. Sinopec raised its 95-octane petrol price by 7 cents, aligning with competitors, while SPC also increased its prices for various petrol grades and diesel. The National Private Hire Vehicles Association urged fare adjustments to support drivers facing rising costs, and ComfortDelGro announced a temporary driver fee and fare increase to aid drivers during this period.
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