Fuel prices drop for April

01 April 2017

The Minister of Finance, Sili Epa Tuioti, has announced a price reduction to retail petroleum products prices for April.

Retail prices for petrol has dropped by 1.6sene from $2.56 to $2.54per litre, for diesel by 0.10sene from $2.47 to $2.46 per litre and for kerosene by 0.60sene from $2.13 to $2.12 per litre. 

“April retail prices reflect February Singapore Prices ‘MOPS’ prices which increased marginally,” a statement issued by the Minister said. 

“These product cost increases were offset by lower freight costs and a strengthening of the tala over the US$ by almost 1per cent a pick-up in American oil activity kept oil prices in check during February despite reports the OPEC producers are mostly sticking to their pledged cuts. 

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“The Organization of the Petroleum Exporting Countries OPEC, which formed a pact to slow down its production of crude beginning in January, released its own data to show 93% compliance with production cuts.” 

 

Retails prices at Service Station: 1-30 April 2017

Unleaded Petrol $2.54

Diesel $2.46

Kerosene $2.12

01 April 2017

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