Shell sparks price war
Shell reduced its pump prices two cents below the industry cut on Monday, before other oil companies followed suit.
Tue, Nov 04, 2008
AsiaOne
Petrol prices have been reduced yet again.
Shell sparked off a price war by reducing its petrol prices by six cents and diesel prices by seven cents.
This makes Shell's reductions cheaper than those of Caltex, ExxonMobil and SPC.
| SHELL |
|
| Formula 92 | S$ 1.703 |
| Formula 95 | S$ 1.736 |
| Formula 98 | S$ 1.810 |
| V-Power | S$ 1.939 |
| Shell Diesel | S$ 1.483 |
The three companies reduced their petrol and diesel rates by five cents each yesterday.
This makes Shell's petrol prices one cent cheaper and diesel price two cents cheaper.
However, Caltex, ExxonMobil and SPC eventually matched Shell's price reductions by noon.
This price reduction is the 12th consecutive reduction since July.