Singapore's pump prices fall by up to S$0.05 a litre, a week after oil plunge

[SINGAPORE] Pump prices here have fallen by up to five cents a litre, a week after crude oil plunged to record lows.

The price of 95-octane petrol, the most popular grade here, is S$2.04 at Esso, Shell, SPC and Sinopec - down from S$2.09, according to fuel price tracker Fuel Kaki. Caltex is selling it at S$2.06 a litre.

All the reductions were made on Wednesday except for Sinopec, which adjusted downwards on Thursday morning.

The 92-octane grade is now S$2 at Esso and SPC, and S$2.02 at Caltex.

Shell does not sell 92-octane petrol, and neither does Sinopec, which is said to get its supplies from the British-Dutch oil giant.

On the other end of the price spectrum, 98-octane petrol is cheapest at SPC, which is retailing it at S$2.38 a litre, followed by S$2.41 at Esso and Sinopec, and S$2.43 at Shell.

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Caltex is retailing 98-octane, which it touts as a rival to Shell's V-Power, at S$2.53 a litre.

The so-called special grades by Shell (V-Power) and Sinopec (Sino X Power) are retailing at S$2.65 and S$2.55 a litre respectively.

Diesel is cheapest at SPC, which is selling it at S$1.64 a litre, followed by Esso's and Sinopec's S$1.67, and Shell's S$1.68. Diesel at Caltex is priciest, at S$1.69 a litre.

All prices are before discounts.

THE STRAITS TIMES