In line with the Government’s drive to go car-lite, petrol duties will be raised with immediate effect.
This was announced today by Deputy Prime Minister Heng Swee Keat as he delivered his 2021 Budget Statement.
The duty for premium petrol grades will be increased by $0.15 to $0.79 per litre, while those for other grades will be increased by $0.10 to $0.66 per litre.
These moves are aimed at encouraging motorists to make more judicious and efficient use of their vehicles.
It is also hoped that the move will encourage drivers to switch to more eco-friendly vehicles, such as petrol-electric hybrids and full electric models.
The Government also announced that the Additional Registration Fee (ARF) for electric vehicles will be eliminated from January 2022 to December 2023.
Other moves announced include building 60,000 charging points by 2030, which is substantially more than the 28,000 points initially planned.
The Government will also set aside $30 million over the next five years to improve charging provisions. And the road tax for electric vehicles will be revised to match the equivalent internal combustion engine (ICE) model. The Land Transport Authority (LTA) will release details in due course.
Stay tuned for further updates.