SPC raises petrol and diesel prices, rounding up week of price hikes by major fuel companies

Major fuel companies in Singapore have all raised fuel prices this week, with Chinese state-owned SPC being the last to do so on Friday (Oct 16) morning.

In a price board update posted at 11.30am, SPC announced a 3-cent increase to its posted prices for 92-, 95-, 98-octane petrol and diesel.

The increase almost mirrors price hikes posted by Caltex and Shell on Monday , Esso on Tuesday , and Sinopec on Thursday , except that the quartet did not raise the price of diesel.

SPC, however, was also the only major fuel company here to have diesel priced below $4 per litre prior to its latest hike.

The PetroChina-owned company's adjustment comes about two weeks after its last move on Oct 2 , when the price of its 92-octane petrol was raised by 15 cents and its prices for 95- and 98-octane petrol were raised by 5 cents each.

Fuel rates in Singapore rose again on Sept 14 after over two months of unchanged prices.

For every alternate week since, major fuel companies here have raised prices amid global oil supply volatility and rising crude oil prices.

Following the latest round of price adjustments among major fuel companies, the price of the more popular 95-octane petrol now ranges from $3.56 at SPC to $3.57 at Caltex, Esso, Shell and Sinopec.

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

Prices are correct as at 8pm on Oct 16. All prices are before discounts.

*Indicates change to posted price(s) made on Oct 16.

Oil prices steadied on Friday and were heading for ​weekly gains on uncertainty over Middle East supplies and a larger-than-expected draw from US crude ‌stockpiles, while European diesel margins dropped after an International Energy Agency (IEA) move to release more of the fuel.

At 7.07pm (Singapore time), Brent crude futures were at US$106.28 a barrel.

"The IEA's pledge to release the remaining 100 million barrels under its March agreement, together with reports that the US is considering easing sanctions on some dark fleet tankers, may be weighing slightly on sentiment," Hansen was reported by Reuters as saying.

The release is unlikely to ease diesel supply tightness, he added.

新加坡各大燃油公司本周纷纷上调燃油价格，其中中国国有企业新加坡石油公司（SPC）是最后一家在周五（10 月 16 日）上午上调价格的公司。

SPC 在上午 11 点 30 分发布的油价更新中宣布，92、95、98 辛烷值汽油和柴油的公布价格上涨 3 分。

此次涨价几乎与 Caltex 和 Shell 周一、Esso 周二以及 Sinopec 周四公布的涨价幅度相同，只是这四家公司都没有提高柴油价格。

然而，在最近一次提价之前，SPC 也是这里唯一一家柴油价格低于每升 4 美元的大型燃料公司。

中石油旗下的这家公司此次调整油价，距离其 10 月 2 日的上一次调整大约两周。当时，该公司 92 号汽油的价格上涨了 15 分，95 号和 98 号汽油的价格分别上涨了 5 分。

新加坡燃油价格在经历了两个多月的价格不变后，于9月14日再次上涨。

此后每隔一周，由于全球石油供应波动和原油价格上涨，本地主要燃料公司都会提高油价。

在各大燃油公司最新一轮价格调整之后，更受欢迎的95号汽油价格目前从SPC的每加仑3.56美元到Caltex、Esso、Shell和Sinopec的每加仑3.57美元不等。

与此同时，Cnergy 和 Smart Energy 仍然分别以每加仑 2.69 美元和 2.62 美元的价格提供汽油级汽油。

价格截至10月16日晚上8点有效。所有价格均为折扣前价格。

*表示 10 月 16 日公布的价格有所更改。

周五，油价企稳，并有望实现周线上涨，原因是中东供应的不确定性以及美国原油库存降幅超出预期；与此同时，国际能源署 (IEA) 决定增发柴油，导致欧洲柴油利润率下降。

新加坡时间晚上 7 点 07 分，布伦特原油期货价格为每桶 106.28 美元。

路透社援引汉森的话说：“国际能源署承诺根据其 3 月份达成的协议释放剩余的 1 亿桶石油，加上有报道称美国正在考虑放松对一些‘暗船’油轮的制裁，这可能对市场情绪造成了轻微影响。”

他补充说，此次发布柴油供应量不太可能缓解柴油供应紧张的局面。