PUBLISHED ONMarch 24, 2026 6:55 AMUPDATEDMarch 24, 2026 1:38 PMBYSean LerShell on Tuesday (March 24) afternoon led the second consecutive day of fuel hike in Singapore, raising its posted price of diesel to within 6 cents of its 98-octane petrol.
This was mirrored by Esso the same evening.
In a price board update published at 2pm on Tuesday, Shell announced that it has increased its diesel price by 20 cents — to $3.93.
This is just 6 cents shy of Shell's posted price for its 98-octane petrol at $3.99.
Meanwhile, Esso also raised its diesel prices by 20 cents, to $3.93.
The price of diesel at both Shell and Esso are now 46 cents more than their respective posted price for 95-octane petrol.
On Monday, Sinopec raised its posted price for diesel by 10 cents, to $3.72. It was the sole fuel company to raise fuel price in Singapore on Monday.
Following the latest round of pump price adjustment, the price of diesel ranges from around $2.80 at Cnergy to $3.93 at Shell and Esso.
| Company / Fuel | 92-octane | 95-octane | 98-octane | Premium | Diesel |
| Caltex | $3.43 | $3.47 | Not available | $4.16 | $3.73 |
| Esso | $3.43 | $3.47 | $3.97 | Not available | $3.93* |
| Shell | Not available | $3.47 | $3.99 | $4.21 | $3.93* |
| Sinopec | Not available | $3.47 | $3.97 | $4.10 | $3.72 |
| SPC | $3.43 | $3.46 | $3.97 | Not available | $3.56 |
| Cnergy** | Not available | $2.46 | $2.80 | Not available | $2.80 |
| Smart Energy | Not available | $2.61 | $2.99 | Not available | $2.83 |
Prices are correct as at 9.30pm on March 24. All prices are before discounts. *Indicates change to posted price on March 24 | |||||
Oil prices reached as high as US$113 on Monday amidst threats by Iran to completely shut the strategic Strait of Hormuz if US President Donald Trump goes ahead with threats to target Iranian energy facilities.
Later, prices fell as Trump walked back on threats to bomb Iran's power grid, claiming the US and Iran have held "very good and productive" conversations.
It rebounded to US$102 at the time of this article's publication on Tuesday as the fragile relief soured with Iran denying that it had engaged in negotiations with the US.
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