Petrol prices reach new high in Singapore - above RM10 per litre, despite softer oil prices and amid record profits by energy firms

Even after discounts, pump prices are still at their highest ever in Singapore. - The Straits Times/ANN

SINGAPORE, May 20 (The Straits Times/ANN): Fuel pump prices have reached another new high, with posted rates breaching previous records in early March - even though oil prices are around 15 per cent lower than in March.

According to Fuel Kaki, a fuel price tracker initiated by the Consumers Association of Singapore, a litre of diesel is between S$3 - RM9.56 (SPC, Sinopec) and $3.05 - RM9.72 (Caltex, Shell) - up to 15 per cent higher than the previous peak back in March.