Equipped with more deposit-targeting technology than before, the new Shell fuels formula promises an increase of up to 15km of range with each fill-up.
95-octane grade petrol at Esso and Shell stations is now $2.02 a litre, while 98-octane petrol is retailing at $2.39 and $2.41 respectively.
ExxonMobil cut pump prices by $0.03 on 11 March 2020, its second reduction since the plunge in crude oil prices on 9 March 2020.
According to the Department of Statistics estimates, 98-octane petrols accounted for just 25 percent of pump sales in 2017 - down from 55 percent in 2005.
Motorists are still using lower grade fuel despite a drop in pump prices in the past year as they see no real benefit in using a higher octane fuel.
Fuel prices have fallen again over the week, with the most popular 95-octane grade petrol now below the $2 level as Brent crude price falls.
Fuel prices in Singapore have fallen again, with the cheapest RON92 petrol falling below the $2 level for the first time since 2012.
Shell begins phasing out Formula 92 petrol locally, citing grade's zero growth and rising demand for 95- and 98-octane.