PUBLISHED ONMarch 27, 2026 11:58 AMUPDATEDMarch 30, 2026 8:50 AMBYSean LerAs motorists ring in the weekend, Shell afforded some relief, dropping its petrol prices by two cents on Friday (March 27).
This is the third consecutive day that fuel companies in Singapore have dropped petrol prices, starting with Shell on Wednesday.
In addition, the posted price for 95-octane petrol at Shell and SPC have now fallen back below the previous high of $3.42 per litre set in June 2022.
According to records on the Consumer Association of Singapore's (Case) Price Kaki fuel prices tracker, Caltex's posted price of $3.45 for its 95-octane petrol on March 13 surpassed that record.
At the peak of petrol prices on Tuesday, the posted price of 95-octane petrol ranged from $3.46 at SPC to $3.47 at Caltex, Esso, Shell and Sinopec.
In a price board update published at 4pm, Shell announced that it had reduced prices across its petrol offerings by two cents, including for its more premium V-Power.
However, the London-headquartered oil and gas company kept its diesel price — last raised by 20 cents on Tuesday — unchanged at $3.93.
In a report on March 25, Tom Kloza, chief energy adviser at Gulf Oil explained that diesel prices are rising faster than petrol prices, partly because diesel was scarce before the war broke out on Feb 28.
He added that the price for diesel fuel tends to go up faster than petrol whenever oil prices rise, partly due to the increased demand from China, India and Europe.
Following the latest round of adjustments in fuel prices, the price of 95-octane petrol now ranges from $3.40 at Shell to $3.42 at Caltex, Esso and Sinopec.
AsiaOne reported on March 26 that Sinopec announced a five-cent drop in its posted prices for 95- and 98-octane petrol.
Checks on Case's Price Kaki app also showed an 18 cents drop for its more premium X-Power, in line with its posted price for 98-octane petrol.
However, the China-headquartered oil and chemical company raised its X-Power price by 13 cents on Friday morning.
Responding to AsiaOne's queries, a Sinopec spokesperson clarified that it ran a 24-hour promotion from 10am on March 26 to 9.59am the following morning (Friday), pricing its X-Power at the price of its 98-octane petrol.
Meanwhile, following a 10-cent increase to its diesel price on Wednesday, SPC again raised its diesel price by 6 cents, to $3.72.
| Company / Fuel | 92-octane | 95-octane | 98-octane | Premium | Diesel |
| Caltex | $3.38 | $3.42 | Not available | $3.93 | $3.93 |
| Esso | $3.38 | $3.42 | $3.92 | Not available | $3.93 |
| Shell* | Not available | $3.40* | $3.92* | $4.14* | $3.93 |
| Sinopec* | Not available | $3.42 | $3.92 | $4.05* | $3.72 |
| SPC | $3.38 | $3.41 | $3.92 | Not available | $3.72* |
| Cnergy** | Not available | $2.48 | $2.80 | Not available | $2.65 |
| Smart Energy | Not available | $2.61 | $2.99 | Not available | $2.83 |
Prices are correct as at 10.20pm on March 27. All prices are before discounts. *Indicates change to posted price on March 27 | |||||
The Brent benchmark crossed US$110 again at the time of this article's publication as doubts over a possible end to the war grew as Iran rejected a US ceasefire proposal and issued a counterproposal.
Meanwhile, US President Donald Trump said he would again extend a deadline for Iran to reopen the Strait of Hormuz or face the destruction of its energy plants.
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