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