Minister announces fuel price increases for November

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Minister of Finance, Sili Epa Tuioti

Minister of Finance, Sili Epa Tuioti (Photo: File)

Minister of Finance, Sili Epa Tuioti has announced increases to fuel prices for November. 

Retail Prices for Petrol has increased by12sene from $2.18 to $2.30 per litre, for Diesel by 7sene from $2.16 to $2.23 per litre and for Kerosene by 8sene from $1.82 to $1.90 per litre. 

“Oil prices have firmed over the last three months following reported agreement between O.P.E.C, notably Saudi Arabia and Russia to cut back crude oil production,” says a statement from the Minister.

“Singapore Petrol prices increased by US$4.00/BBL while Diesel and Kerosene increased by US$1.50/BBL. On shore adjustments to account for stock and exchange rate movements combined to increase local retail prices.” 

Retail prices at Service Station: 

01 – 30 November 2016

Unleaded Petrol $2.30

Diesel $2.23

Kerosene $1.90

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