SINGAPORE – Prices for all fuel pumps here have increased after Shell and Caltex raised diesel prices by 7 cents and petrol by 3 cents per liter on Wednesday (24 August).
On Monday (August 29th) afternoon, SPC was the last of the five brands here to raise their list price.
In pumps, diesel is currently between $2.87 (Sinopec) and $2.89 (Shell, Caltex), according to Fuel Kaki, a pump price tracker initiative of the Consumers Association of Singapore.
A liter of 92-octane gasoline, which is available in most cars here, is currently $2.83 at Caltex, Esso and SPC. Shell and Sinopec do not offer this grade.
Popular 95 octane gasoline is now $2.87 at SPC and Sinopec and $2.88 elsewhere, while 98 octane gasoline (needed only for a few vehicles here) costs $3.37 at Shell and elsewhere. is $3.35.
The 98 octane premium grade is $3.48 from Sinopec, $3.54 from Caltex and $3.59 from Shell.
The correction follows the rise in oil prices. Benchmark Brent crude has been trending higher since mid-August, and on Friday he topped US$100 (S$140) a barrel for the first time since the beginning of the month.
But refined products appear to be still depressed, with wholesale gasoline surrogate RBOB gasoline last trading at US$2.85 a gallon, one of its lowest prices since March.
Discounted fuel prices vary. For 92 octane gasoline, both Esso and Caltex offer the lowest price of $2.32 per liter for the DBS Esso and OCBC 365 cards respectively.
At 95 octane, Sinopec’s $2.25 (OCBC card) offer is the lowest, but only has 3 stations. Among the brands with large networks, Caltex and Esso have the lowest rates of $2.36 for OCBC 365 and DBS Esso cards respectively.
For the 98 octane rating, Sinopec again won the lowest price of $2.63 per liter. Among them, Esso he has the lowest price of $2.75 (DBS Esso card).