Shell Petroleum took the lead again in cutting pump prices.

It was the first to implement a 5 cent reduction across all grades on Thursday morning, 10am.

By midday, other petrol companies responded with a 5 cent reduction as well.

Shell's 92-, 95-, and 98-octane cost $1.653, $1.686 and $1.760 respectively. The price of diesel stands at $1.433.

Shell will also run V-Power@F98 price from tonight to Tuesday between 7pm and 11pm to celebrate Ferrari Constructors Title.