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Pump prices have moved up in line with higher wholesale fuel prices as world economies reopen after the COVID-19 pandemic lockdowns.
07 Jul 2020 | Local News : Singapore
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After a month of staying at their lowest in several years, pump prices have moved up in line with higher wholesale fuel prices as world economies reopen after the COVID-19 pandemic lockdowns.
The popular 95-octane petrol is now $0.03 higher at $2.02 a litre at Caltex, Esso and Shell, and $0.06 higher at $2.05 at Sinopec.
The 92 grade is retailing at $1.98 a litre at Caltex and Esso. It is not available at Shell and Sinopec. The 98 grade is $2.42 at Shell and Sinopec, $2.39 at Esso and $2.53 at Caltex. Diesel is $1.70 a litre at Caltex, Esso and Shell, but $1.73 at Sinopec. Meanwhile, Shell's V-Power is $2.65, while Sinopec's X Power is $2.58.
All prices are before discounts, and are posted by Fuel Kaki, a pump price tracker managed by the Consumers Association of Singapore.
RBOB gasoline, a publicly-traded commodity and a proxy for wholesale petrol price, is currently at around U.S$1.27 a gallon, up from around U.S$1.15 in late-June, and U.S$0.50 in April. Brent crude is above U.S$43.50 a barrel, up from U.S$40.30 in late-June, and less than U.S$20 in April.
