Singapore antitrust authority inquires over February fuel price increases

The Antitrust authority of Singapore has started an inquiry to determine if a February hike in fuel prices was justified, according to local media reports.

The country’s trade and industry authorities as well as the antitrust agency issued a warning against any behavior which could include anticompetitive actions.

The action follows an accusation by a consumer protection organization which had raised concerns over significant fuel price increases during the month.

One of the reports is published in the website of online news information service Today which publishes news from the region.