Petrol pain ahead after third hike in 3 days
12:41PM Tuesday October 30, 2007
By Mathew Dearnaley and Edward Gay
Major fuel companies have followed BP in hiking prices overnight on the back of 25-year-record importing costs.
This morning Caltex and Shell had increased their petrol prices by five cents to the same level as BP.
All three companies are charging 168.9 cents for a litre of unleaded 91 and 119.9 for diesel.
BP was charging 121.9 for diesel yesterday, a rise of 5 cents, but has since dropped its price to come in line with other companies.
BP spokeswoman Greta Shirley said lower importing costs may have led to the price decrease.
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