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Fuel pump prices reach new high, breach S$4 mark for the first time

Pump prices at a petrol station in Singapore on June 3, 2022.

Pump prices at a petrol station in Singapore on June 3, 2022.

Fuel pump prices reached a new high on Friday (June 3) to breach the S$4 mark.
This came on the back of the European Union’s decision to phase out Russian oil and expected growing demand from China amid its easing of Covid restrictions.
According to Fuel Kaki, the price of a litre of 95-octane fuel ranged between S$3.26 and S$3.33 a litre, up from S$3.16-S$3.25 just two weeks ago.
The premium grade of 98-octane fuel at Shell (Shell V-Power) was priced at S$4.04 a litre, the first time a litre of petrol crossed the S$4 mark in Singapore.
Prices for 92-octane fuel ranged from S$3.26 to S$3.28 per litre, up from S$3.13-S$3.20.

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