The last time petrol was this costly was in August 2005, when Hurricane Katrina disrupted US oil production and sent crude oil prices past US$70 a barrel. -- ST PHOTO: LAU FOOK KONG
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OIL companies have raised petrol prices - just days after higher GST pushed pump rates up.
The latest increase, of two cents a litre, has sent petrol prices to record levels.
The costliest petrol - Shell's V-Power - is now $2.027 a litre before discount.
The last time petrol was this costly was in August 2005, when Hurricane Katrina disrupted US oil production and sent crude oil prices past US$70 a barrel.
Crude oil is now trading at similar levels.
At the pumps, the cheapest, 92-octane grade, is $1.683 a litre.
Prices of 98 and 95-octane fuels are $1.79 and $1.716 a litre respectively.
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