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Petrol prices soar past S$4 per litre in Singapore

Luke 'Perry' Pereira
03/06/2022
Petrol Station - CarBuyer Singapore

 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.

GradeShellCaltexSPCEssoSinopec
92N.AS$3.28S$3.26S$3‬‬‬‬.‬‬‬‬26N.A
95S$3.33S$3.33S$3.30S$3‬‬‬.‬‬‬31S$3‬‬‬‬‬‬.26
98S$3.82N.AS$3.78S$3‬.78S$3‬‬‬.73
PremiumS$4.04S$3.99N.AN.AS$3‬‬‬‬‬‬.86
DieselS$3.08S$3.08S$3.06S$3.‬06S$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.



Tags:

caltex esso petrol price shell Singapore sinopec SPC

About the Author

Luke 'Perry' Pereira

CarBuyer's content creator 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

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