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Singapore petrol prices rise for second straight day as Esso joins Caltex, Shell hikes

After over two months of unchanged prices, fuel prices in Singapore first rose again on Sept 14, and for every alternate week since, major fuel companies here have raised prices amid global oil supply volatility.On Tuesday (Oct 13) evening, London-headquartered Esso announced a 3-cent hike across its 92-, 95-, and 98-octane petrol, while keep its diesel prices unchanged.The move mirrors...

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Singapore petrol prices rise for second straight day as Esso joins Caltex, Shell hikes
Singapore petrol prices rise for second straight day as Esso joins Caltex, Shell hikes

After over two months of unchanged prices, fuel prices in Singapore first rose again on Sept 14 , and for every alternate week since, major fuel companies here have raised prices amid global oil supply volatility.

On Tuesday (Oct 13) evening, London-headquartered Esso announced a 3-cent hike across its 92-, 95-, and 98-octane petrol, while keep its diesel prices unchanged.

The move mirrors price increments posted by Caltex , followed by Shell on Monday.

Esso's latest adjustment comes nearly two weeks after its last round of price increases on Sept 30 , when a 5-cent hike was applied across its petrol offerings.

The Anglo American company is now tied with Caltex and Shell for the highest posted price of 95-octane petrol in the Republic, before discounts.

This is 20-cent increase from Sept 6.

Following the latest round of price adjustments among major fuel companies here, the more popular 95-octane petrol now ranges from $3.53 at SPC to $3.57 at Caltex, Shell and Esso.

Meanwhile, Cnergy and Smart Energy are offering the petrol grade at $2.69 and $2.62 respectively.

Prices are correct as at 10am on Oct 14. All prices are before discounts.

*Indicates change to posted price(s) made on Oct 13.

Oil prices climbed on Wednesday as traders weighed supply risks from fighting between Yemen's Iran-allied Houthis and Saudi Arabia against the prospect of increased diesel from Russia.

By 8.30am (Singapore time), Brent crude futures rose 89 cents, or 0.8 per cent, to US$106.58 a barrel.

On Tuesday, Houthis struck an administrative building belonging to state-owned oil firm Saudi Aramco in the city of Dhahran, causing a limited fire.

The group has fired ballistic missiles and ​drones at Saudi Arabia over the past week in retaliation for the kingdom's support of ‌Yemeni ⁠government forces.

Riyadh's international airport has been hit four times, with a strike on Saturday killing 13 people .

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