Gas Prices That’ll Make Your Wallet Scream
Just when you thought the last petrol hike was a one‑off saga, Singapore’s fuel giants are easing the tension with another round of pricks to your purse. Shell’s 95‑octane, the most popular grade, has finally broken the $3 barrier, but the trend isn’t slowing to any peacetime lull.
Shell’s 95‑Octane Jump
- Shell – 95‑octane now at $3.06 per litre (up 8 cents from last week).
- Three hikes in just three weeks, totalling 28 cents.
- The 95‑octane frontier: Code for “your car deserves a facelift or your wallet suffers.”
Where Did the Other Brands Stand?
- Caltex – $2.98
- Esso & Sinopec – $2.95
- SPC – $2.81
With crude inching towards $130 a barrel (Singapore $177), experts predict the $3 mark will be a worn‑out milestone by month‑end, if not sooner.
The 92‑Octane: A Still‑Alive Escape?
92‑octane—usable by most cars—remains the only grade still under $3.
- SPC $2.78 (lowest)
- Esso at $2.91
- Caltex at $2.92
Shell and Sinopec don’t offer 92‑octane, so you’re looking at a small group of vendors if you want to keep your fuel bill in check.
Premium is Pretty Premium
Premium grades more than $3.50? Shell’s $3.77 is flirting with $4. Let the high‑octane dreamers count their coins.
Discount Cards: The Holy Amulet of Savings
- Sinopec – 95‑octane $2.31
- SPC – $2.39
- Esso (DBS Esso Card) – $2.42
- Caltex (OCBC 365 Card) – $2.44
Prices drop to $2.63–$2.75 at Shell, with discount cards keeping the competition fierce.
92‑Octane Under the Discount Lens
- SPC – cheapest at $2.36 (various cards)
- Esso – $2.39 (DBS Esso Card)
- Caltex – $2.39 (OCBC 365 Card)
Diesel: A Fleet‑Owner’s Nightmare
Commercial fleets and taxi drivers aren’t spared. Diesel has climbed more than 30 cents in the last three weeks.
- Shell – $2.67 (highest)
- Esso & Sinopec – $2.55 (lowest)
After discounts, Shell’s diesel stays at $2.40 (UOB One Card), while SPC offers the lowest at $1.90.
Taxi‑Kiosk Dilemma
- ComfortDelGro – Diesel now at $1.43 (up from $1.12 in January).
- 95‑octane petrol – $2.04 (up from $1.74 in January).
It’s been raining price hikes for the cabs that keep our streets moving.
Oil Prices Soar While the IEA Plays the Green‑Card
March 1 saw the IEA members—over 30 countries—decide to unleash 60 million barrels from emergency reserves. A bold signal that the Ukraine crisis won’t create a shortage.
- That’s a daily injection of about 2 million barrels for 30 days.
- A 2 percent lift to the global supply.
- Four coordinated draws since the IEA’s birth in 1974.
- These reserves amount to 1.5 billion barrels worldwide.
Despite releasing 2 percent, oil prices keep blowing upward, baffling both traders and commuters alike.
The Bottom Line
So whether you’re a family driver, a fleet operator, or a taxi cab driver, tick‑talking fuel prices are a fact you can’t ignore. Look for discount cards, keep an eye on topping‑up strategies, and remember that every pence saved could keep you on the road longer—or help break into a long vacation, maybe.
