Caltex cancels price increase to be back in line with competition

With Caltex’s move, 92-octane petrol is now a uniform S$2.71 across three of the five players here. - ST

SINGAPORE (The Straits Times/Asia News Network): Caltex has reverted to its previous pump rates after competitors did not follow its price rise last week.

The brand owned by American oil major Chevron upped its petrol prices by five cents a litre last Thursday (Sept 29), despite crude oil and wholesale fuel prices continuing to slide.