Esso has raised the prices of all three of its petrol grades by 5 cents per litre, marking the second consecutive day of petrol price increases in Singapore.
The adjustment took effect on Wednesday, Sept. 30, after Shell and Caltex announced similar 5-cent increases across their petrol offerings a day earlier. Esso, owned by Chandra Asri, left its diesel price unchanged.
Following the latest adjustment, Esso’s posted prices rose to S$3.51 per litre for 92-octane petrol, S$3.54 for 95-octane and S$4.06 for 98-octane. Its diesel price remained at S$4.07 per litre.
The latest increases mean motorists are once again facing higher pump prices after a period of relative stability. The 95-octane grade, one of the most widely used petrol types, now ranges from S$3.48 to S$3.54 per litre among the major fuel retailers.
The price increases come amid renewed concerns over global oil supplies, particularly the impact of the ongoing conflict involving the United States and Iran. Brent crude futures climbed above US$106 a barrel on Sept. 29 before later easing, reflecting continued volatility in energy markets.
Shell triggered the latest round on Sept. 29 with a 5-cent increase in its 95-octane, 98-octane and V-Power petrol prices. Caltex followed later the same day with a matching 5-cent increase across its petrol grades.
The recent movements highlight how developments in global crude markets can quickly affect fuel prices in Singapore, where motorists have already experienced several rounds of adjustments this year.
Posted prices do not account for station-specific discounts, credit-card rebates or other promotions, meaning the final amount paid by individual motorists may be lower than the advertised rates.
With global oil markets remaining sensitive to developments in the Middle East, further changes in Singapore pump prices will continue to depend on movements in crude prices and regional fuel costs.
