Award Banner
Award Banner

Petrol prices in Singapore back to record high as Caltex, Shell and SPC resume hikes

Caltex raised its diesel price by 10 cents, while Shell and SPC both raised their diesel price by 20 cents each
Petrol prices in Singapore back to record high as Caltex, Shell and SPC resume hikes
Both Caltex and SPC raised their respective petrol prices on Thursday (April 2), reversing a respite for petrol customers which lasted a grand total of nine days
PHOTO: AsiaOne/Danial Zahrin

Petrol prices in Singapore returned to their recent record high on Thursday (April 2) as Caltex, Shell and SPC became the first fuel companies here to raise petrol prices again.

Both Caltex and SPC raised petrol prices by 5 cents — across their respective petrol offerings — while increasing their diesel price by 10 cents and 20 cents respectively. 

Meanwhile, Shell raised its posted prices for petrol by 6 cents. It also raised diesel price by another 20 cents.

Their moves continued the recent trend of diesel price hikes, but also reversed a respite for petrol customers — lasting a grand total of nine days. 

In comparison, pump prices have been on the rise since March 4.

Petrol prices in Singapore fell between March 22 and 24, with fuel companies here taking turns to drop prices by 5 cents; except for Shell which adjusted its posted prices for petrol downwards by a total of 7 cents — over two adjustments.

95-octane petrol returns to high of $3.47

Following the latest round of adjustments, the popular 95-octane petrol now costs $3.47 per litre at Caltex — last recorded on March 24

Meanwhile, SPC's 5-cent hike and Shell's 6-cent hike across their respective petrol range now makes them the second costliest here.

Esso's and Sinopec's posted price of $3.42 per litre are now the cheapest.

Diesel prices

Caltex's 10-cent increase to its diesel price brings it on par with Esso at $4.23 per litre, while SPC's 20-cent hike, to $4.12, places it in the middle ground.

Shell now leads the diesel price chart with its diesel priced at $4.43 per litre.

The lowest-priced diesel, for now, is posted at $3.93 per litre at Sinopec.

Company / Fuel92-octane95-octane98-octanePremiumDiesel
Caltex*$3.43*$3.47*Not available$4.16*$4.23*
Esso$3.38$3.42$3.92Not available$4.23
Shell*Not available$3.46*$3.98*$4.20*$4.43*
SinopecNot available$3.42$3.92$4.05$3.93
SPC*$3.43*$3.46*$3.97*Not available$4.12*

Prices are correct as at 10.30pm on April 2. All prices are before discounts.

*Indicates change to posted price(s) on April 2.

Enhanced measures to help households, businesses

In a video message to Singaporeans on Thursday, Prime Minister Lawrence Wong acknowledged the impact on households and businesses amid rising energy costs and uncertainties.

He said the Government will "cushion the immediate impact" by enhancing existing measures and bringing some of them forward to provide earlier relief.

He added that the Government will also provide targeted support for sectors that are more severely affected.

The measures will be announced when Parliament sits again on April 7.

[[nid:732916]]

editor@asiaone.com

No part of this story can be reproduced without the permission of AsiaOne.

This website is best viewed using the latest versions of web browsers.