The impact of global oil prices is well felt in Singapore. The price of all types of petrol in Singapore has crossed 3 silver following the rise in the price of a barrel of crude oil to US $ 130. The same
At the time only one type of petrol was approaching 4 silver.
Eri of the Singapore Consumer Association known as Case
Commodity price monitoring unit ‘Fuel Khaki’ released the price situation yesterday.
Accordingly, only China-owned SPC announced a price hike yesterday afternoon as the other four oil suppliers here raised prices.
Under the new prices, the 92-octane petrol used by most cars will be sold at $ 3 per liter at Caltex, Esso and SPC oil filling stations. Shell and Sinopec companies do not handle this type of gasoline.
Meanwhile, 95-octane petrol is priced at $ 3.03 (SPC), $ 3.23 (Shell) and 98-octane petrol at $ 3.72 (Shell). Synobec sells premium petrol 98-octane at $ 3.64 a liter, Caltex at $ 3.72 and Shell at $ 3.94.
The price of 95-octane petrol has gone up from Rs 8 to Rs 17 per liter. Since February 14, the price has risen 16 percent, or 45 cents. The minimum price of this type of petrol to be discounted is $ 2.38, which is the situation found at the three stations in Sinopec.
Similarly, the 92-octane price sells for $ 2.43 (Caltex), $ 2.58 (ESO) after the discount.
Impact of global oil price hike