95-octane petrol in Singapore now retails at close to $2.82 following a slew of downward adjustments since 16 September 2022 across all retailers.
Singapore's pump operators have taken turns over the last 3 weeks to increase their prices, with speculation that 95-Octane could hit $3/litre by 2022.
Petrol prices in Singapore have fallen by up to $0.05 a litre on 29 April 2020, a week after crude oil plunged to record lows.
ExxonMobil cut pump prices by $0.03 on 11 March 2020, its second reduction since the plunge in crude oil prices on 9 March 2020.
With crude oil prices easing, retailers have reverted to the rates prior to the assassination of Iranian military leader Qassem Soleimani.
Fuel prices have fallen again over the week, with the most popular 95-octane grade petrol now below the $2 level as Brent crude price falls.