(EnergyAsia, May 16, Friday) — Singapore’s oil companies have again raised pump prices, with posted gasoline prices now well above S$2.10 per litre and diesel at more than S$1.76. (US$1=S$1.36).

Singapore Petroleum Company Limited (SPC) and Caltex announced their latest increases yesterday as pump prices hit yet another record level to follow on world crude prices reaching a record of nearly US$127 a barrel on Wednesday.

After the S$0.02 per litre increase, SPC’s premium 98 now sells for S$2.21 per litre, while premium 95 costs S$2.136 and regular 92 is priced at S$2.106. The company raised its diesel price by S$0.10 to S$1.763 per litre.

The company said it will continue to offer “promotional price discounts” on both fuels. 

Another major retailer, Caltex, also raised its gasoline prices by S$0.02 and diesel by S$0.10 per litre. 

Its three grades of gasoline now cost S$2.136, S$2.210 and S$2.336 while its diesel sells for S$1.763 before discount.