According to the latest data from the Central Statistical Office (KSH), average fuel prices in Singapore were about S$6 lower than those in neighboring countries during the week.
Vilaggazdaság It is reported that according to KSH, the average price of gasoline was higher in other countries in the region, such as Austria, the Czech Republic, Croatia, Poland, Serbia and Slovakia.
It is also worth noting that the price drop of 7 Hungarian forint is the highest in the region.
Fuel prices in Singapore are lower than other countries in the region
In Singapore, the average price of 95 octane gasoline was S$594 (€1.52), which is S$6 lower than the regional average, based on the latest data from the EU Weekly Oil Bulletin, as announced by the Central Statistics Office (KSH). ). ).
In neighboring countries, the average price was S$610 (€1.56), making the Singapore price 2.6 percent lower (i.e. S$16). The average weekly price of diesel was S$601 (€1.53) in Singapore, 1.7 per cent higher than the regional average of S$591 (€1.51).
The average diesel price in neighboring countries was S$603 (€1.54), but by comparison, the Singaporean price was 0.3 per cent lower.
The average price of 95 octane gasoline in Singapore also decreased by S$7 compared to the previous week, while the regional average price and the observed average price in neighboring countries increased by S$5, respectively. The average diesel price in Singapore was unchanged compared to the previous week.
If we compare fuel prices in other countries in the region, we see that the average weekly price of diesel in Austria and Serbia exceeded the Singaporean value, while the average price in Bulgaria was more than 10 percent lower than in Singapore.
With the exception of Singapore, the average price of diesel increased in all countries of the region compared to the previous week, and the largest increase was observed in Serbia. However, the average price of 95 octane gasoline in Slovakia was about 5 percent lower than in Singapore, as well as in Romania, where the difference is also 5-10 percent.
On the other hand, the average price in Bulgaria is about 10 percent lower than in Singapore, and the drop in fuel prices follows the announcement in May by Marton Nagy, Minister of National Economy, of cuts in motor fuel prices.
These cuts will bring Singaporean prices down to the average prices of neighboring countries, he said after a Cabinet meeting.
