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Sinopec hikes fuel prices, marking Singapore's fifth increase in 7 days

The latest 12-cent increment across its petrol and diesel fuel types brings its total increment over the past week to 20 cents per litre
Sinopec hikes fuel prices, marking Singapore's fifth increase in 7 days
Sinopec raised prices across its petrol and diesel fuel types by 12 cents on Sunday (Sept 20).
PHOTO: AsiaOne/Danial Zahrin

Fuel prices in Singapore have been climbing steadily over the past week, with Chinese state-owned Sinopec capping off the week with a fifth day of increments on Sunday (Sept 20).

Its latest round of adjustments come a day after SPC raised its prices on Saturday.

Sinopec's Sunday increment is also its second round of price hikes last week, following an earlier 8-cent increase across its fuel offerings on Sept 15.

The latest 12-cent increment — also across its petrol and diesel fuel types — posted on Sunday brings its total increment over the past week to 20-cent per litre.

Following the latest round of price increase, the price of the more popular 95-octane petrol now ranges from $3.48 at SPC to $3.49 at Caltex, Esso, Shell and Sinopec. 

Meanwhile, Union Gas-owned Cnergy and SMART Energy have kept their 95-octane prices at $2.54 per litre and $2.62 per litre respectively.

Company / Fuel92-octane95-octane98-octanePremiumDiesel
Caltex$3.46$3.49Not available$4.19$4.07
Esso$3.46$3.49$4.01Not available$4.07
ShellNot available$3.49$4.01$4.23$4.07
Sinopec*Not available$3.49*$4.00*$4.13*$4.01*
SPC$3.36$3.48$4.00Not available$3.97
CnergyNot available$2.54$2.80Not available$3.00
Smart EnergyNot available$2.62$2.99Not available$2.69

Prices are correct as at 10am on Sept 21. All prices are before discounts.

*Indicates change to posted price(s) made on Sept 20.

Oil prices fell on Monday morning as investors eyed a recovery in shipments from Saudi Arabia despite ongoing attacks by Yemeni Houthis that have escalated tension in the Middle East while the US and Iran remain in a stalemate.

Brent crude futures dropped 81 cents, or 0.78 per cent, to US$103.06 (S$131) a barrel at 8.31am (Singapore time) after settling down 0.91 per cent on Friday.

US West Texas Intermediate crude was at US$99.41 a barrel, down 89 cents, or 0.89 per cent, following a 1.58 per cent loss in the previous session.

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editor@asiaone.com

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