Singapore Markets open in 6 hrs 20 mins

Private road transport cost hits the pedal

 

There was a 3.7% rise in December.

The Monetary Authority of Singapore and the Ministry of Trade and Industry said, “Overall private road transport cost climbed sharply by 3.7%, driven by the surge in car COE premiums in November and slightly higher petrol prices.”

The month-on-month increase was noted despite the lowering of ERP charges in December for the school holiday period.



More From Singapore Business Review