Friday 27 February 2015

[Straits Times] Petrol firms should act fairly

PETROL companies should strictly adhere to factoring in only the increase in government duty when revising pump prices ("Petrol companies ordered to explain latest price hikes"; yesterday).

They should not increase petrol prices citing other factors, whatever these may be.

It is not ethical for petrol companies to seize every opportunity to raise prices.

I hope the Consumers Association of Singapore (Case) and the Competition Commission of Singapore will vigorously seek answers from these companies.

If they are allowed to get away this time, what will happen the next time?

Tony Sim