The new month has come, ushering in an increase in fuel prices across the board. The increase has been attributed to conflict in the Middle East.

Retail product prices recorded increases are as follows: petrol increased by 9.7 sene per litre from $2.92 to $3.02, diesel by 15 sene per litre from 2.96 to $3.11, and kerosene by 13.1 sene per litre from 2.56 to $2.69.

“August prices are based on the June 2025 Mean of Platts Singapore (MOPS) marker prices. The increase in MOPS for the month was a direct result of the escalation of the Iran/Israel conflict in early June, followed by the bombing of Iranian nuclear facilities by the USA on 22 June,” said the Minister of Finance Lautimuia Uelese Vaai.