The popular 95-octane grade is $2.69 at SPC and $2.70 elsewhere. Read more at straitstimes.com.
SINGAPORE – Petrol and diesel pump prices have slipped back down to levels seen before the latest goods and services tax increase on Jan 1 despite rising global oil prices.
Ironically, China is also seen as exporting more refined products, which can depress the wholesale prices of diesel and petrol in Singapore. According to market research firm S&P Global, the Chinese government has raised the export quota for its first batch of refined oil products for 2023 by 46 per cent.
The adjustments have brought the prices of these brands more in line with pre-discount rates posted by the two remaining operators - Esso and Sinopec.
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