Diesel Prices in Singapore

Singapore's (red line) diesel price is among the cheapest in the world.

Click here for a larger image

Information adapted from source: PFC Energy

As the chart above shows, diesel prices in Singapore compared to other markets are amongst the cheapest in the world.

The rising trend of diesel pump prices is attributed to the increasing cost of crude as well as increasing demand for diesel both in the developing countries (for industrial uses) as well as developed economies (consumer demand). In some European countries, as many as 60% of the new passenger car purchases are diesel.

In Singapore, diesel is predominantly used by taxi drivers and light-goods commercial vehicles. There are a few privately owned diesel vehicles due to the upfront road tax requirement (6 times the level applied to petrol vehicles) for diesel users.

Disclaimer:

All information provided herein is intended for general information purposes only and does not constitute an advice or directive. You should not rely on it in connection with the making of any decision. While we try to ensure that all information provided herein is correct at the time of inclusion, we do not guarantee the accuracy of such information, in particular, information that is obtained from a third party source. We are not liable for any action you may take as a result of relying on such information or for any loss or damage suffered by you as a result of you taking this action.