Singapore drivers, it is time to stare at the pump display with renewed emotional damage.
Major petrol retailers here have raised 95-octane petrol prices over four days, with most of the big brands now listing the commonly used fuel grade at S$3.54 a litre.
According to 8world, which cited data from the Consumers Association of Singapore’s Price Kaki app, SPC raised its 95-octane petrol price by five cents on Friday, 2 October, from S$3.48 to S$3.53 a litre.
Cnergy also raised its 95-octane petrol price by five cents on the same day, from S$2.64 to S$2.69 a litre.
Shell, Esso, Caltex and Sinopec Already Raised Prices Earlier
SPC and Cnergy were not the first to move.
Shell raised its 95-octane petrol price on Tuesday, 29 September, from S$3.49 to S$3.54 a litre.
Esso, Caltex and Sinopec then followed on Wednesday and Thursday, bringing their listed 95-octane petrol prices to S$3.54 a litre as well.
This means that, among the major fuel retailers, Shell, Esso, Caltex and Sinopec are now at S$3.54 a litre for 95-octane petrol, while SPC is slightly lower at S$3.53 a litre.
Cnergy remains lower at S$2.69 a litre, although it is not part of the same group of larger petrol retailers with islandwide networks.
These listed prices are before the usual discounts, loyalty programmes and credit-card promotions that many motorists use. In real life, that means the amount drivers actually pay can still differ quite a bit depending on the card, station and promotion used.
Diesel Prices Did Not Change This Week
While 95-octane petrol prices moved up, diesel prices were unchanged this week, according to 8world.
That matters especially for drivers who rely on diesel vehicles for work, including some goods vehicles and commercial fleets.
However, the latest round of increases still affects a large group of motorists because 95-octane petrol is one of the most commonly used petrol grades in Singapore.
For a driver filling a 50-litre tank, a five-cent increase works out to S$2.50 more for a full tank before discounts. It is not the kind of amount that ruins a month by itself, but when fuel, parking, ERP and car ownership costs all sit in the same spreadsheet, every few dollars suddenly starts looking very loud.
Prices Can Be Checked on Price Kaki
The figures reported by 8world were based on Price Kaki, the app run by CASE.
CASE has said Price Kaki allows consumers to compare prices, including fuel prices, so motorists can check posted prices before deciding where to pump.
That is useful because pump prices can shift quickly and not every retailer moves at the same time.
The latest increases also come amid renewed volatility in global oil markets. 8world reported that international crude markets have recently been affected again by supply-side and geopolitical developments.
At the same time, the report said the Group of Seven had announced plans to release a total of 100 million barrels of oil and fuel products over the coming weeks to respond to rising oil prices linked to the Iran war and global supply tightness.
For Singapore drivers, the more immediate takeaway is simpler: if you are pumping 95-octane petrol this weekend, check the price board first.
