Photo: rawpixel.com

Pump prices in Singapore have dropped for as low as S$0.05 per litre following a week after the crude oil crashed to record lows.
According to Fuel Kaki, the price of 95-octane petrol, which is the most popular grade in the country, fell to S$2.04 from the previous price of S$2.09 at petrol stations Esso, Shell, SPC, and Sinopec. As for Caltex, it is selling at S$2.06 litre.
The downward revision of prices was made on Wednesday (29 April) for all brands expect Sinopec, which only adjusted its prices earlier this morning (30 April).
At Esso and SPC, the price of the 92-octane grade is currently S$2 whereas the price at Caltex is S$2.02.
Shell and Sinopec both do not sell 92-octane petrol. Sinopec is said to obtain its supplies from Shell.
At the other end of the price continuum, the 98-octane petrol is sold at the cheapest price at SPC at S$2.38 per litre. The next cheapest brands are Esso and Sinopec at S$2.41, followed by Shell at S$2.43.
Meanwhile, at Caltex, the price of 98-octane is retailing at S$2.53 per litre, as the company brands itself a rival to Shell’s V-power.
As for the special grades fuel sold by Shell (V-Power) and Sinopec (Sino X Power), both are retailing at S$2.65 and S$2.55 per litre, respectively.
The price of diesel is the cheapest at SPC at S$1.64 per litre. The second cheapest are Esso and Sinopec at S$1.67 each, followed by Shell at S$1.68. Diesel sold by Caltex is the most expensive at S$1.69 per litre.

Source: fuelkaki.sg
All stated prices are pre-discounted prices.
As for Malaysia, only diesel prices have been adjusted downwards from RM1.43 per litre to RM1.40 per litre effective from 25 April to 1 May. The prices of RON95 and RON97 are unchanged at RM1.25 and RM1.55, respectively.
“The price for RON95 and diesel have remained unchanged over the past year as the government had implemented the Automated Pricing Mechanism, but significant changes in the global fuel price over the week have compelled the government to reintroduce weekly fuel pricing for RON95 and diesel as well,” as stated by RinggitPlus.
Source: comparehero.my
The point of note is that while the petrol prices dropped for Singapore, the same cannot be said for Malaysia. This is despite a week has passed following the global oil price crash.
Although this week has seen oil prices rebound, so much so that traders are making bets in this period, analysts have cautioned that this rebound is only temporary as the global storage capacity of oil reaches its limits.
And true enough, on Monday (27 April), oil prices dropped 25 per cent, driven by the limited storage capacity as well as the crippled demand for oil due to COVID-19.

Subscribe
Notify of
3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
You May Also Like

慈善组织办“穿上他的鞋走一英里” 邀朝野政治领袖体验拾荒者生活

“乐于助人”组织邀请各党组织派出代表,参加“穿上他的鞋走一英里” (A Mile In Their Shoes)活动,而民主党已很快做出回应,将派代表参与。 该组织在其脸书页面上帖文,为提升群众和政治领袖,对年长拾荒者困境的醒觉,广邀朝野政党参与他们即将举办的有关活动,以期将来能在国会为拾荒者们发声。 受邀单位包括人民行动党、工人党、新加坡民主党、人民党、国民团结党、革新党、新加坡进步党、以及人民力量党。 这将是别开生面的活动:试想想由每个参与活动的政治人物,由一位拾荒长者陪伴,指导他们如何收纸皮,亲身体验这些群体每日的生活和辛劳。 为此活动,该组织也将在Give.Asia开设不同的账户,让民众可以捐款支持心属政党,而每个账户所筹集的款项将会平均分派给该党的纸皮收集者。 该活动开放给各党即将角逐来届大选的潜在候选人参与,旨在让参与者亲身体验纸皮收集者的工作,希望他们将来能够在国会中分享经验,并设法帮助解决年长群体中,日益严重的贫困老人问题。 当局表示,将会以视频记录活动过程,包括每个参与者的手推车上,都安装有面向他们的(GoPro…

今年累积29起 两船只新加坡海峡遇海盗

昨日(23日)凌晨新加坡海峡有两艘船只遭海盗袭击,使得短短四日内类似的海盗袭击事件已累积五宗。 亚洲区域反海盗合作协定(RECAAP)资讯共享中心是在昨日发文告揭露上述两起海盗事件,并指今年在新加坡海峡已接到至少29起类似的海盗事件通报。 昨日凌晨两小时内,一艘货运船和一艘油槽船分别被海盗登船,船员虽被绑,不过好在及时响起警报,海盗只得空手而逃。 海盗是在23日凌晨12时12分,登陆“Bamzi”号油船。该船从印尼尼帕岛启航前往中国青岛。两名船员被绑;船上的工程师在引擎室发现海盗,目击一人持刀,船员立即响起警报,三名海盗只得逃之夭夭。 船员在仔细搜寻船内确认无藏匿其他入侵者后,“Bamzi”号才继续航行,船员安全也未蒙受损失,船长将此事通报新加坡船舶交通资讯系统(VTIS)、新加坡海军、警察海岸卫队(PCG)以及印尼执法当局。 紧接着在1时54分,另一艘号货船“Trust Star”号遭至少六名海盗登船,在引擎室有两名船员被绑。其余船员发现海盗后立即拉响警报,海盗再次空手而逃。该货船在新加坡警察海岸卫队和海军护卫下,将船只驶向新加坡海港。 海岸卫队登上“Trust Star”进行搜寻,确认无其他海盗后,该船则继续航程。 今年发生29宗海盗事件 根据RECAAP文告,在本月20日也分享另外三起发生在新加坡海峡的海盗事件,涉及两艘货船和一艘油船。 有鉴于五宗海盗袭击事件时间间隔相近,RECAAP不排除犯案者为同一批人。…

Amnesty International calls for “immediate and unconditional” release of Amos Yee

“Amnesty International considers him to be a prisoner of conscience, held solely…