Friday, July 11, 2008

Comfort to impose diesel surcharge

Business Times - 11 Jul 2008

SINGAPORE - Singapore taxi and bus firm ComfortDelGro said on Friday it will impose a diesel surcharge on taxi rides from July 17 to offset the higher cost of fuel.

It said the $0.30 (US$0.22) charge for every trip was temporary and would be removed should diesel prices fall back to $1.19 a litre, which was the market price on Dec 17, 2007.

The country's biggest petroleum firm, Singapore Petroleum, charges $2.03 for a litre of diesel, according to its website.

Singapore, like many Asian countries, is struggling with rising inflation which hit a 26-year high of 7.5 per cent in May. -- REUTERS

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