01 September 2025, Press Release. The Caretaker Minister of Finance has advised that the following changes to the retail petroleum product prices, inclusive of VAGST, will take effect from today, 1st September 2025.
The retail prices for petrol and kerosene have decreased, while the price of diesel has increased. The new prices are as follows:
Petrol decreases by 2.6 sene per litre, from $3.02 to $2.99
Diesel increases by 4.7 sene per litre, from $3.11 to $3.16
Kerosene decreases by 2.9 sene per litre, from $2.69 to $2.66
The September prices are based on the July 2025 Mean of Platts Singapore (MOPS) marker prices.
Crude oil and refined product price forecasts continue to be influenced by geopolitical developments in Ukraine and the Middle East.
In addition, ongoing concerns regarding the impact of the United States’ new trade policies on the global economy add further uncertainty to international price trends.
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