Shell slashed its so-called premium petrol by 25 cents, in an apparent bid to shore up falling sales.SINGAPORE — Fuel pump prices have dipped across several brands — the first time since April.
The two Chinese companies — Sinopec and SPC — have yet to adjust prices, but are expected to do so soon. After discount, the least costly petrol among operators with a sizeable station network is Esso's 92-octane at $2.71 a litre , followed closely by its 95-octane at $2.75 .For 98-octane petrol, the cheapest is Sinopec at $3.03 a litre , followed by Esso's $3.13 .Brent crude closed on the Nasdaq on Thursday at below US$115 a barrel, from above US$123 earlier in the month. The benchmark oil however was trading as low as US$110 before recovering late last week.
Producers that had scaled down operations during the pandemic had difficulty scaling them up to meet the surge in demand.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil rises as supply concerns outweigh US fuel stocks buildSINGAPORE :Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories. Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6 per cent, to $113.08 a barrel
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Airliners powered by sustainable fuel remain a distant goal
Source: STForeignDesk - 🏆 4. / 71 Read more »
Apple eyes fuel purchases from dashboard as it revs up car softwareApple Inc wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version of its CarPlay software rolls out, accelerating the company's push to turn your vehicle into a store for goods and services.A new feature quietly unveiled at Apple's developer conference
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Oil prices stable as market weighs fuel stocks build amid supply concernsHOUSTON : Oil prices were little changed on Thursday as markets weighed a rise in U.S. gasoline and distillate inventories and worries about slower economic growth amid concerns of supply tightness.Brent crude futures for August dropped 25 cents, or 0.2 per cent, to $116.01 a barrel in light trading as th Wow😍😍😍
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
'Fighter' Gauff using Roe v. Wade decision as fuel at WimbledonLONDON : Coco Gauff may still be just a teenager but the American is tuned in to real world issues and is using the anger from the U.S. Supreme Court's decision to end a woman's constitutional right to an abortion to fuel her drive at Wimbledon.Gauff is no longer the wide-eyed 15-year-old who made her Wim
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Pump prices in S'pore fall for first time since April
Source: straits_times - 🏆 5. / 69 Read more »