Last updated: February 2024
As a driver in Singapore, one of the most important things to keep track of is the price of petrol. With the cost of living constantly on the rise, any increase in petrol prices can have a significant impact on our daily expenses. One major petrol provider in Singapore is Shell, and their prices are closely monitored by drivers across the island.
Over the past few years, Shell petrol prices in Singapore have fluctuated quite a bit. In 2022, due to the Ukraine war, oil price has risen quite a bit. It can be difficult to predict exactly what will happen with Shell petrol prices in the future, but by looking at past trends and keeping an eye on global oil prices, we can make some educated guesses.
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Current Shell Petrol Prices in Singapore
As of today, the current Shell petrol prices in Singapore are as follows:
| Petrol Type | Pump Price (per litre) | Nett Price (price after discount) |
|---|---|---|
| Shell FuelSave 98 | $3.33 | $3.164 |
| Shell FuelSave 95 | $2.84 | $2.698 |
| Shell V-Power | $3.55 | $3.373 |
| Shell FuelSave Diesel | $2.65 | $2.518 |
It is worth noting that these prices are subject to change based on various factors such as global oil prices and local taxes.
Shell FuelSave 98 and 95 are the regular petrol options available at Shell stations in Singapore. These fuels contain additives that help to improve fuel efficiency and reduce engine deposits, ultimately leading to smoother and more efficient performance.
For those looking for a higher performance fuel, Shell V-Power is also available. This fuel contains a higher octane rating and additional cleaning agents to help keep engines running at their best.
Overall, Shell petrol prices in Singapore are competitive with other petrol stations in the area, and the availability of FuelSave and V-Power options provide a range of choices for motorists looking to fill up their tanks.
Factors Influencing Shell Petrol Prices
As a fuel consumer, you may have noticed that petrol prices at Shell stations in Singapore fluctuate from time to time. This is because there are several factors that influence petrol prices, including:
Global Crude Oil Prices
One of the main factors that influence Shell petrol prices in Singapore is global crude oil prices. The cost of crude oil can be affected by various factors such as supply and demand, geopolitical tensions, and natural disasters. When crude oil prices increase, the cost of producing petrol also increases, leading to higher petrol prices for consumers.
Government Taxes and Policies
Government taxes and policies also play a significant role in determining petrol prices at Shell stations in Singapore. The Singapore government imposes various taxes and levies on petrol, including excise duty, carbon tax, and Goods and Services Tax (GST). Changes in these taxes and policies can have a direct impact on the final price of petrol at the pump.
Currency Exchange Rates
Another factor that influences Shell petrol prices in Singapore is currency exchange rates. Since crude oil is traded in US dollars, fluctuations in the Singapore dollar against the US dollar can affect the final cost of petrol. If the Singapore dollar strengthens against the US dollar, the cost of importing crude oil decreases, leading to lower petrol prices for consumers.
Demand and Supply
Finally, demand and supply also play a role in determining petrol prices at Shell stations in Singapore. When demand for petrol is high, prices tend to increase due to limited supply. Conversely, when supply is high, prices tend to decrease due to excess supply.
In conclusion, several factors influence the price of petrol at Shell stations in Singapore, including global crude oil prices, government taxes and policies, currency exchange rates, and demand and supply. As a consumer, it is important to keep these factors in mind when planning your fuel expenses.
Ways to Save on Shell Petrol in Singapore
As a frequent driver, I understand that petrol expenses can take up a significant portion of our monthly budget. However, with Shell petrol, there are several ways to save money and get the most out of your fuel purchase.
Shell FuelSave Cards
Shell FuelSave cards are a great way to save on petrol expenses. These cards offer a discount of up to 20 cents per litre on Shell FuelSave petrol. The best part is that these cards are free of charge and can be obtained at any Shell petrol station in Singapore.
To apply for a Shell FuelSave card, simply visit any Shell petrol station and fill out the application form. Once you have received your card, you can start enjoying the benefits of discounted petrol prices.
Shell GO+ Programme
Another way to save on petrol expenses is through the Shell GO+ Loyalty Programme (previously known as Shell Escape). This programme offers a range of benefits, including discounts on petrol purchases, car wash services, and even movie tickets.
To join the Shell GO+ Programme, simply download the Shell GO+ app. Once you have joined the programme, you can start earning points for every litre of petrol purchased. These points can then be redeemed for discounts and other rewards.
Credit Card Promotions
Many credit card companies in Singapore offer promotions and discounts for petrol purchases at Shell petrol stations. These promotions can range from cashback offers to discounts on petrol prices.
To take advantage of these promotions, simply check with your credit card company to see if they offer any discounts or promotions for petrol purchases at Shell petrol stations. If they do, be sure to use your credit card when purchasing petrol to enjoy the discounts and benefits.
In conclusion, there are several ways to save on Shell petrol expenses in Singapore. By using Shell FuelSave cards, joining the Shell GO+ Loyalty Programme, and taking advantage of credit card promotions, you can save money and get the most out of your petrol purchase.
Conclusion
In conclusion, after conducting thorough research on the petrol prices of Shell in Singapore, I have found that the prices are relatively high compared to other petrol stations in the country. However, Shell does provide quality fuel that is worth the price for some consumers.
It is important to note that the prices of petrol are subject to change frequently due to various factors such as global oil prices, exchange rates, and taxes. Therefore, it is recommended to keep track of the prices and compare them with other petrol stations before making a purchase.
Overall, Shell petrol prices in Singapore may not be the most affordable option, but they do offer high-quality fuel that can benefit your vehicle in the long run. It is up to the individual to decide whether the benefits of Shell's fuel are worth the extra cost.
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