Fuel prices fall for third consecutive day as Caltex, Sinopec post adjustments


PUBLISHED ONMay 22, 2026 1:10 PMBYSean LerPump prices in Singapore fell for a third consecutive day on Friday (May 22) as Caltex posted adjustments to its posted prices for both 95-octane petrol and diesel, while Sinopec dropped only its diesel price.
In a price board update published at 1pm, Chevron-owned Caltex announced a 6-cent reduction to the price of its diesel. It also reduced the price of 95-octane petrol by 1 cent.
This was followed by Sinopec in the evening, with a 6-cent drop in its diesel price, but the Chinese oil and gas enterprise kept petrol prices unchanged.
Caltex's and Sinopec's moves come a day after London-headquartered Shell and Esso both posted adjustments to their respective petrol and diesel prices.
Following the latest round of adjustments, the price of the more popular 95-octane petrol now ranges from $2.64 at Cnergy to $3.46 at Caltex, Esso, Shell and Sinopec.
Singapore-headquartered SPC occupies the middle ground with its 95-octane petrol priced at $3.42 per litre.
Meanwhile, the price of diesel now ranges from $3.40 at Cnergy to $4.42 at Caltex, Esso and Shell.
| Company / Fuel | 92-octane | 95-octane | 98-octane | Premium | Diesel |
| Caltex* | $3.43 | $3.46* | Not available | $4.16 | $4.42* |
| Esso | $3.43 | $3.46 | $3.98 | Not available | $4.42 |
| Shell | Not available | $3.46 | $3.98 | $4.20 | $4.42 |
| Sinopec* | Not available | $3.46 | $3.97 | $4.10 | $4.41* |
| SPC | $3.39 | $3.42 | $3.93 | Not available | $4.32 |
| Cnergy | Not available | $2.64 | $3.05 | Not available | $3.40 |
Prices are correct as at 9pm on May 22. All prices are before discounts. *Indicates change to posted price(s) on May 22. | |||||
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