Petrol prices in Singapore have risen in the past 2 years. However the increase in Singapore has been less than many countries in the world due to increased local competition.
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Singapore's (red line) petrol prices are far from being the most expensive in the world... European countries remain at the high end. Information adapted from source: PFC Energy The chart above clearly shows that Singapore petrol prices have risen in the past few years with similar movements upwards as experienced in other markets but less than average compared to developed economies.
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Prices of petrol in Singapore are still competitive compared to other countries. Source: PFC Energy Singapore prices are very competitive compared to many developed economies however they are higher than some countries due to a number of reasons. For example, Malaysia where prices are regulated, Australia and the US where different tax structure and economies of scale applies.
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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.
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Last updated as of August, 2005 |
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