Petrol prices soar past S$4 per litre in Singapore

Home/
News /

Petrol prices soar past S$4 per litre in Singapore Petrol prices soar past...

Petrol prices soar past S$4 per litre in Singapore

Luke Pereira

03/06/2022

Petrol prices have now hit an all-time high in Singapore.

SINGAPORE

With the imminent ban on Russian oil and the increased demand worldwide, petrol prices have now hit a new high in Singapore, going for as much as S$4 per litre.

Grade	Shell	Caltex	SPC	Esso	Sinopec
92	N.A	S$3.28	S$3.26	S$3‬‬‬‬.‬‬‬‬26	N.A
95	S$3.33	S$3.33	S$3.30	S$3‬‬‬.‬‬‬31	S$3‬‬‬‬‬‬.26
98	S$3.82	N.A	S$3.78	S$3‬.78	S$3‬‬‬.73
Premium	S$4.04	S$3.99	N.A	N.A	S$3‬‬‬‬‬‬.86
Diesel	S$3.08	S$3.08	S$3.06	S$3.‬06	S$3.00

Petrol prices islandwide as of 3 June.

It wasn’t too long ago that petrol prices saw a slight drop, but that appears to be short-lived. The rise in petrol prices have been ongoing for months, but have been exacerbated by the effects of the Russia-Ukraine conflict, and the subsequent wide-ranging sanctions against Moscow. The reopening of economies around the world from the Covid-19 pandemic have also been driving the demand for fuels. Benchmark prices for Brent crude oil is now currently trading at USD$117 a barrel, and looks to be heading towards its March high of almost USD$130 a barrel.

If you’re looking for a more efficient car to help you save money on your fuel bills, perhaps you can consider switching to a fuel-saving hybrid to combat the rising fuel prices.

About the Author

Luke Pereira

CarBuyer's content producer loves producing entertaining, relatable content. He spends all year waiting around for Mariah Carey. Rumour has it he was married twice and is 'Luke Perry' incarnate are unfounded. @lukeypereira

CarBuyer – Revolutionizing The Online Car Marketplace In Singapore

Buy Used And New Cars Online
Start your car buying journey with CarBuyer as we connect you seamlessly to the industry’s best CaseTrust-SVTA accredited car dealerships. As a one stop car online portal you can now buy your new ride, be it a pre-owned car or a brand new car from trusted dealers all over Singapore, all in one place. Our ever expanding listing of quality and covet-worthy cars, new and second hand, from both owners and trusted car dealers, will leave you spoilt for choice. Refine your search by vehicle type, registration year, price, mileage, engine type, transmission, annual depreciation value and more to find the car that best suits your needs, taste and lifestyle. You can even search for your car by dealer or directly by owner.

Sell Your Car In An Instant With Confidence
We all know how selling a car in Singapore can be a daunting task especially for a first time car seller; from trying to get a valuation for your car, finding a trusted dealer, to getting the best quote on your vehicle. CarBuyer understands the hassle and even the costs involved and have as such partnered with Huawei to develop a FIRST in Southeast Asia AI car valuation tool that is able to provide a car’s resale value at the snap of a finger. Backed with a consortium of trusted CaseTrust-SVTA accredited car dealers you can be assured that you are getting the best price for your vehicle and do not have to worry about any hidden costs.

The Ultimate Car Shopping Experience Online
CarBuyer platform is the first of its kind to be backed by Huawei’s Artificial Intelligence and cloud computing, enabling it to be able to offer users transparency and enhanced security, all with the one aim of enhancing customer experience. So come on over to buy and sell used cars online at the best prices at CarBuyer Singapore. Connect easily with dealers in real-time via our online video call feature, or schedule a test drive when you’re ready. Have some questions? Get them answered instantly with our chatbot moderated by our responsive team. Stay in the loop with our car-related tips, reviews and news. Learn the ins-and-outs of your car, as well as global and Singapore’s car updates at your own pace.