Shell kicks off third consecutive week of petrol price increases

Residents in Singapore may be getting a reprieve from the heat and haze in November , but there's no let up on motorists' wallets as petrol prices rise for the third consecutive week.

In a price board update published at 1pm on Thursday (Oct 29), Shell announced a 3-cent hike across its 95-, 98-octane and V-Power petrol, while keeping its diesel price unchanged.

This comes after last week's adjustments posted by Caltex , followed by Shell , Esso and Sinopec , carried out between Oct 21 and 23. Only SPC did not join in the last round of petrol price hikes.

Following the latest round of rate increments, the price of the more popular 95-octane petrol at major fuel companies now ranges from $3.56 at SPC to $3.63 at Shell.

As compared to its rates before Sept 14, when prices rose again after more than two months , Shell's 95-octane petrol has now risen by 26 cents.

Meanwhile, Cnergy and Smart Energy have held their price for the petrol grade at $2.69 and $2.62 respectively.

Prices are correct as at 7pm on Oct 29. All prices are before discounts.

*Indicates change to posted price(s) made on Oct 29

Oil prices fell on Thursday , paring gains made a day earlier , as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict.

Brent crude futures fell US$1.27 (S$1.63), or 1.1 per cent, to US$114.05 a barrel by 5.22pm (Singapore time). US West Texas Intermediate (WTI) crude futures were down US$1.51, or 1.5 per cent, at US$101.27.

"Oil prices are under pressure today amid renewed diplomatic efforts to de-escalate the conflict in the Middle East," UBS analyst Giovanni Staunovo said.

US Vice President JD Vance sought to revive peace negotiations by sending a letter to Iranian Security Council chief Mohsen Rezaei, the Wall Street Journal said on Wednesday, citing US officials and people familiar with the matter.

Qatari mediators have presented Iran with a new draft deal to end the war with the US and Israel , an official briefed on the negotiations said, but a senior Iranian official dismissed it as unacceptable ideas that did not amount to an offer.

Iran's foreign minister said on Wednesday Tehran continued to give diplomacy a chance to succeed and flagged the possibility of completing its seven-day plan in less than a week if adopted.

Concerns over intensified attacks by Yemen's Iran-aligned Houthis and fears the US may launch an attack on Iran following its midterm elections set for Nov 3, limited the decline, however.

新加坡居民或许能在11月暂时摆脱高温和雾霾，但汽油价格却连续第三周上涨，驾车人士的钱包却丝毫没有减轻。

壳牌公司在周四（10 月 29 日）下午 1 点发布的油价更新中宣布，其 95 号、98 号辛烷值汽油和 V-Power 汽油价格上涨 3 分，而柴油价格保持不变。

此前，加德士、壳牌、埃索和中石化已于上周进行了油价调整，调整时间为10月21日至23日。只有中国石油天然气集团公司（SPC）没有参与上一轮汽油价格上涨。

在最近一轮油价上涨之后，目前各大加油站更受欢迎的95号汽油价格从SPC的每加仑3.56美元到壳牌的每加仑3.63美元不等。

与 9 月 14 日之前的价格相比，壳牌 95 号汽油的价格在两个多月后再次上涨，目前已上涨 26 分。

与此同时，Cnergy 和 Smart Energy 分别将汽油级汽油的价格维持在每加仑 2.69 美元和 2.62 美元。

价格截至10月29日晚上7点有效。所有价格均为折扣前价格。

*表示10月29日公布的价格有所变动

周四，油价下跌，抹去了前一天的涨幅，原因是和平谈判的希望缓解了人们对中东地区冲突升级导致供应中断的担忧。

截至新加坡时间下午5点22分，布伦特原油期货下跌1.27美元（1.63新元），跌幅1.1%，至每桶114.05美元。美国西德克萨斯中质原油（WTI）期货下跌1.51美元，跌幅1.5%，至每桶101.27美元。

瑞银分析师乔瓦尼·斯陶诺沃表示：“由于各方重新展开外交努力以缓和中东冲突，今天油价面临压力。”

据《华尔街日报》周三援引美国官员和知情人士的消息报道，美国副总统万斯致信伊朗安全委员会主席穆赫辛·雷扎伊，试图重启和平谈判。

一位了解谈判情况的官员表示，卡塔尔调解人向伊朗提交了一份新的协议草案，旨在结束与美国和以色列的战争，但一位伊朗高级官员驳斥了该草案，称其为不可接受的想法，根本算不上提议。

伊朗外交部长周三表示，德黑兰将继续给外交成功的​​机会，并暗示如果七天计划获得通过，有可能在不到一周的时间内完成。

然而，也门与伊朗结盟的胡塞武装加大了袭击力度，以及担心美国可能在 11 月 3 日伊朗中期选举后对伊朗发动袭击，限制了下跌幅度。