Petrol prices have fallen due to the drastic drop in oil prices. (Photo: 123RF.com)
Petrol prices here have fallen by up to 5 cents a litre, a week after crude oil plunged to record lows.
The price of 95-octane petrol, the most popular grade here, is $2.04 at Esso, Shell, SPC and Sinopec – down from $2.09, according to fuel price tracker Fuel Kaki. Caltex is selling it at $2.06 a litre.
All the reductions were made on Wednesday (April 29) except for Sinopec, which adjusted downwards on Thursday morning.
Petrol prices for 92-octane fuel is now $2 at Esso and SPC, and $2.02 at Caltex.
Shell does not sell 92-octane petrol, and neither does Sinopec, which is said to get its supplies from the British-Dutch oil giant.
On the other end of the price spectrum, 98-octane petrol is cheapest at SPC, which is retailing it at $2.38 a litre, followed by $2.41 at Esso and Sinopec, and $2.43 at Shell.
Caltex is retailing 98-octane, which it touts as a rival to Shell’s V-Power, at $2.53 a litre.
The so-called special grades by Shell (V-Power) and Sinopec (Sino X Power) are retailing at $2.65 and $2.55 a litre, respectively.
Diesel is cheapest at SPC, which is selling it at $1.64 a litre, followed by Esso’s and Sinopec’s $1.67, and Shell’s $1.68. Diesel at Caltex is priciest at $1.69 a litre.
All prices are before discounts.
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