07 Mar '11, 2pm

All petrol grades have breached the $2 mark, hitting 21/2-year highs, following the latest price increase last Friday.

All petrol grades have breached the $2 mark, hitting 21/2-year highs, following the latest price increase last Friday.

A litre of 92-octane petrol, the cheapest grade, is now $2.017. The 95 grade costs $2.077, and the 98-octane, between $2.13 and $2.15. -- ST PHOTO: NEO XIAOBIN ALL petrol grades have breached the $2 mark, hitting 21/2-year highs, following the latest price increase of four cents a litre last Friday. The last time petrol was in the $2 territory across the board was in 2008. A litre of 92-octane petrol, the cheapest grade, is now $2.017. The 95 grade costs $2.077, and the 98-octane, between $2.13 and $2.15. Shell's V-Power, marketed as an 'ultra-premium 98', is the costliest fuel at $2.359 a litre, while Caltex's rival Platinum 98 is now at $2.215. Diesel, used by taxis and commercial vehicles, is now between $1.60 and $1.603 a litre. All prices are before various discounts. The price spiral comes on the back of rising crude oil rates, which in turn has been driven by the un...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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