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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.

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