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BUDGET 2015

Petrol duty raised, CEVS refined

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Petrol excise duties were raised by up to 45 per cent on Monday, with the change to yield S$177 million a year.

Singapore

PETROL excise duties were raised by up to 45 per cent on Monday, with the change to yield S$177 million a year. But with falling oil prices, Finance Minister Tharman Shanmugaratnam said pump prices will still be lower than the levels seen in the last two-and-a-half years.