Whether you own a car or take public transport, you have probably felt the pinch from the spike in petrol prices. Be it through a rise in taxi flag down fares or through a rise in your monthly petrol bills, the rise in Singapore petrol prices has had an impact on everyone.

Supply-chain disruptions, trade restrictions as well as sanctions arising from the Russia-Ukraine war have had a massive impact on the rise in prices. With Russia being the second-largest oil exporter coupled with the fact that Singapore imports a significant amount of its energy needs, we have not been spared from the skyrocketing petrol prices.