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LoginPump prices cut by 5 cents
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Gahmen shld do same for tariff instead of increasing 21%!!
"OIL companies on Tuesday cut pump prices here for the eighth time since July amid a worsening economic crisis in the United States and Europe that has driven oil prices to near 12-month lows.
They lowered petrol and diesel rates by five cents a litre across the board. With the reduction, 92, 95 and 98-octane petrol now cost $1.863, $1.896 and $1.97 a litre respectively before discount.
Shell's V-Power is now $2.099, while Caltex Platinum is $2.096 a litre. Diesel, the fuel of commerce, is $1.703 a litre.
The latest adjustment came as the price of crude oil fell below US$90 a barrel on Monday from a high of US$148 in July.
On the New York Mercantile Exchange, November-dated oil fell by US $4.13 on Monday to US$89.75 a barrel. Brent crude was down by US$4.49 to US$85.76. "
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