Singapore motorists are facing another round of petrol price increases after Caltex raised prices across its petrol offerings on Oct 12, adding to the pressure on drivers amid continued volatility in global energy markets.
The Chevron-owned fuel retailer increased its posted petrol prices by 3 cents per litre across the board, while leaving diesel prices unchanged.
The latest adjustment comes less than two weeks after the previous round of increases on Sept 29, when Caltex raised prices for its 92-octane, 95-octane and Platinum 98 petrol.
Caltex now charges more for 92- and 95-octane petrol
As of 4.30pm on Oct 12, Caltex had the highest posted prices for 92-octane and 95-octane petrol among the major Singapore fuel retailers, according to AsiaOne.
Its 95-octane petrol now costs $3.57 per litre before discounts, up from $3.37 on Sept 6. That represents an increase of 20 cents per litre in just over a month.
Here is how posted fuel prices compared across retailers on Oct 12:
| Retailer | 92-octane | 95-octane | 98-octane | Premium petrol | Diesel |
|---|---|---|---|---|---|
| Caltex | $3.54 | $3.57 | — | $4.27 | $4.07 |
| Esso | $3.51 | $3.54 | $4.06 | — | $4.07 |
| Shell | — | $3.54 | $4.06 | $4.28 | $4.07 |
| Sinopec | — | $3.54 | $4.05 | $4.18 | $4.01 |
| SPC | $3.51 | $3.53 | $4.05 | — | $3.97 |
| Cnergy | — | $2.69 | $2.95 | — | $3.00 |
| Smart Energy | — | $2.62 | $2.99 | — | $2.69 |
Prices are per litre, before discounts, and reflect posted prices as of 4.30pm on Oct 12, 2026. A dash indicates that the grade was not listed in the comparison.
Middle East conflict keeps fuel markets volatile
The latest increase comes as global oil markets continue to react to geopolitical tensions and uncertainty over fuel supplies.
Oil prices dipped on Oct 12 after US President Donald Trump announced plans involving additional Russian diesel supplies and a proposed halt to attacks on energy infrastructure between Russia and Ukraine.
However, the outlook remained uncertain. Continued tensions in the Middle East, including threats to shipping routes and attacks affecting energy infrastructure, have kept traders cautious.
Brent crude futures fell to around US$104.50 per barrel during the afternoon in Singapore, according to AsiaOne’s report.
Even when crude oil prices decline, retail petrol prices may not fall immediately. Pump prices are also influenced by wholesale refined-fuel costs, transport expenses, taxes, inventories and individual retailers’ pricing decisions.
How much more will motorists pay?
For drivers who regularly refuel, even small per-litre increases can add up over time.
At Caltex’s latest posted price of $3.57 per litre for 95-octane petrol, filling a 50-litre tank would cost $178.50 before discounts. At the Sept 6 price of $3.37 per litre, the same amount would have cost $168.50.
That is a difference of $10 for a 50-litre fill-up.
With fuel prices still exposed to global supply disruptions and geopolitical developments, motorists may want to compare posted prices and available discounts before choosing where to refuel.
For now, Caltex’s latest adjustment puts renewed attention on Singapore’s pump prices, as drivers watch for signs of whether further increases — or eventual relief — are on the way.
