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SINGAPORE: Pump prices in Singapore have gone up the second time this year. The last revision was on January 6.
Shell was the first to do so at 11 am, upping its petrol prices between five to seven Singapore cents.
Diesel price was down four cents.
A Shell spokesperson said: "Shell recognises that pump prices are of great concern to our customers. As always, we consider very carefully the many factors contributing to pump pricing before deciding on any changes.
“Shell always strives to pass savings back to customers -- during the second-half of 2008 when oil prices sky-rocketed to an all-time high and then fell, we initiated 14 price cuts to bring prices down for customers."
Other companies like SPC, Caltex and Esso have also similarly adjusted prices.
The adjustments come on the back of production cuts by the Organization of Petroleum-Exporting Countries (OPEC).
- CNA/yt
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