Stop‑the‑roll! Singapore’s fuel stations just raised the price of every litre
Picture this: you’re rolling into the service station, craving that sweet Africa‑style squeak from your car, and the price tag on the pump suddenly shows a higher number. That’s reality right now, thanks to Shell, Caltex, Esso, Sinopec and SPC. They’ve all upped the price of diesel and petrol, and it’s an extra cost coming out of your wallet.
How the price drama unfolded
- Shell and Caltex lead the pack by raising diesel by seven cents and petrol by three cents a litre on Wednesday (Aug 24).
- SPC was the last to join the party, pushing its prices up on Monday afternoon (Aug 29) after Esso and Sinopec made the move on Friday.
Current pump prices (per litre)
- Diesel: $2.87 at Sinopec $2.89 at Shell and Caltex.
- 92‑octane petrol (fits most cars): $2.83 at Caltex, Esso and SPC. Shell & Sinopec don’t sell this grade.
- 95‑octane petrol: $2.87 at SPC & Sinopec, $2.88 at the other brands.
- 98‑octane petrol (for a handful of drivers): $3.37 at Shell, $3.35 elsewhere. The premium 98 has $3.48 at Sinopec, $3.54 at Caltex, $3.59 at Shell.
What’s driving the price hike?
The culprit is the global oil market. Brent crude, the heavy hitter, has been flirting with the US$100 mark since mid‑August and hit US$100 per barrel on Friday. That spike sees the cost of raw material shoot up, and unfortunately, the cost to the Singapore driver rises too.
Even though refined products still feel “boosted”—RBOB gasoline last traded at about US$2.85 a gallon—the numbers are the lowest we’ve seen since March.
Discounts that make the difference
- 92‑octane: Esso and Caltex boast the cheapest offers at $2.32 a litre when you use the DBS Esso card or OCBC 365 card.
- 95‑octane: Sinopec pulls the low‑ball at $2.25 if you hold an OCBC card, but stops only at three stations. Caltex & Esso come next with $2.36 using OCBC 365 and DBS Esso cards.
- 98‑octane: Sinopec again claims the bottom spot with $2.63 per litre. Esso follows suit at $2.75 with the DBS Esso card.
So, whether you’re hunkering down for a quick fill or need to upgrade your engine’s fuel, remember: a little savings can go a long way when the meter’s counting upwards.
Original article source: The Straits Times. Permissions must be obtained for reprinting.
