Petrol Prices Have Finally Fallen in Singapore

May 24, 2011 · Posted in Economy 

Petrol Prices

Good news for Singapore motorists and motorcyclists. Fuel prices have fallen… by 3 cents! Anyway, this definitely calls for a (passive) celebration. Fuel prices have hardly seen a drop for a long time here; all the while it has been increasing.

According to The Straits Times, Caltex and SPC offer the cheapest grade 92-octane petrol, now at a price of $1.99 per litre. Both 95-octane grade costs $2.04 per litre, but the 98-octane grade costs $2.09 per litre for SPC and $2.175 per litre for Caltex (which is also at the same price as that of Shell’s V-Power).

Caltex reduced its prices by three cents a litre across the board with Singapore Petroleum Co (SPC) and Shell following. Not sure about Esso, but I presume it will also follow suit.

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