Pump prices in S'pore reach new high despite softer oil prices

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SINGAPORE - Fuel pump prices have reached another new high, with posted rates breaching previous records in early March - even though oil prices are around 15 per cent lower than in March.

According to Fuel Kaki, a fuel price tracker initiated by the Consumers Association of Singapore, a litre of diesel is between $3 and $3.05 - up to 15 per cent higher than their previous peak back in March.A litre of 95-octane petrol is between $3.16 and $3.25 , while 98-octane petrol is between $3.64 and $3.74 . This is around 0.5 per cent higher than their March highs.

The benchmark Brent crude last closed at around US$109 a barrel on Thursday , down from nearly US$128 a barrel on March 8. For 95-octane, Sinopec is still the cheapest at $2.48 although it has only three stations here. Among retailers with sizeable networks, Caltex offers the lowest rate of $2.63 , while Shell has the highest rate of $2.93 .

With the latest increase, motorists are paying around 22 per cent more than in January for a litre of the popular 95-octane fuel after discounts.

 

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What are you going to do ?

What to do ..who cares

Yeah Lor go fast and furious come down slow and easy hahha

Since when did it ever come down.

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