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Ultimate Comparison Of Petrol Prices And Credit Card Promotions
All numbers are obtained from the respective fuel company’s websites, through speaking with representatives or via social media posts.
Getting a car in Singapore is a really complicated thing because of the hundred and one things to consider (mostly costs) that help you decide if you really need and can afford this car.
If you’re a driver (or planning to be one), you are going to want to read these:
What’s next?
We bring to you a full breakdown of fuel prices in Singapore, which are known to be notoriously higher than in most other countries.
Earlier in January 2019, SINOPEC entered the fuel sector here in Singapore and came with raging low prices.
Today, it has (still just) two outlets islandwide in Yishun and Bukit Timah, with several comments on their social media asking for them to open more outlets other parts of Singapore. How do their fares compare against the rest?
Latest Petrol Price Comparison in Singapore: Shell vs Esso vs Caltex vs SPC vs Sinopec
| SHELL | ESSO | CALTEX | SPC | SINOPEC |
|---|---|---|---|---|---|
92-Octane | N/A | N/A | S$2.21 | S$2.21 | N/A |
95-Octane | S$2.25 | S$2.25 | S$2.25 | S$2.25 | S$2.28 |
98-Octane | S$2.65 | S$2.62 | S$2.66 | S$2.59 | S$2.65 |
Top Grade | V-Power: | N/A | N/A | N/A | SINO Power: |
Diesel | S$1.86 | S$1.86 | S$1.86 | S$1.83 | S$1.89 |
Credit Card Promotions | HSBC, Citibank, UOB | DBS, OCBC, Citibank | OCBC, Standard Chartered, HSBC, AA | POSB, DBS, UOB, AMEX | OCBC |
Last Updated | 5/8/19 | 1/9/19 | 2/8/19 | 7/6/19 | 19/2/19 |
How Are Petrol Prices Determined In Singapore?
1. Petrol Tax By The Government
In Singapore, there is a fuel excise tax for motor petrol (92 and 95 Octane) and for premium motor petrol (98 Octane).
But diesel vehicles aren’t spared either because LTA levies a special tax on such vehicles.
In addition, the 7% GST also applies to all fuels.
2. Handling Costs
Storage
Transportation
Marketing
Operations
Retailer profit margin
The cost of the fuel itself is but one of many components of petrol, which is why we don’t necessarily see a significant drop in petrol prices even when crude oil prices decrease.
For your convenience, these are the best credit cards to use in Singapore when it comes to petrol perks and discounts!
P.S. You’re welcome!
Best Shell Petrol Credit Card Promotions
Citibank Shell Credit Card Promo
Up to 20.88% savings with Citibank Cash Back Credit Card
Up to 14% savings with other Citibank Credit Cards
HSBC Shell Credit Card Promo
Up to 18.3% savings with HSBC Premier MasterCard Credit Card
Up to 18.3% savings with HSBC Visa Platinum Credit Card
Up to 14% savings with other HSBC Credit Cards
UOB Shell Credit Card Promo
Up to 20.8% savings with UOB One Credit Card
Up to 13.6% savings with other UOB Credit Cards
Best Caltex Petrol Credit Card Promotions
OCBC Caltex Credit Card Promo
16% fuel discount on Platinum 98
14% fuel discount on other grades of petrol and diesel
18% fuel discount with NTUC/OCBC Plus! Visa card
Additional $10 rebate with a minimum $300 nett fuel spend at Caltex in a calendar month
HSBC, OCBC, Standard Chartered, AA and SAFRA Caltex Promo
14% off petrol/diesel
16% off Platinum 98 with Techron®
Best Esso Petrol Credit Card Promotions
Citibank Esso Credit Card Promo
Up to 20.88% fuel savings with Citibank Cashback and Esso Mobil Credit Cards
Up to 14% fuel savings with other Citibank Credit Cards
DBS Esso Credit Card Promo
Up to 21.2% fuel savings with DBS Esso Credit Card
OCBC Esso Credit Card Promo
Up to 20.6% fuel savings with OCBC Plus! Visa Credit Card
Up to 20.4% fuel savings with OCBC 365 Credit Card
Up to 14% fuel savings with OCBC Credit / Debit Cards
Best SPC Petrol Credit Card Promotions
DBS/POSB SPC Credit Card Promo
Up to 15% fuel savings
UOB SPC Credit Card Promo
Up to 24% fuel savings
American Express SPC Credit Card Promo
Up to 21% fuel savings excluding American Express Corporate Cards and American Express Cards issued by DBS, UOB and Citibank
Best Credit Card Promotions at Sinopec
OCBC Sinopec Credit Card Promo
24% fuel savings with OCBC 365 Credit Card
20% fuel savings with other OCBC Cards
Cash, NETS, and Other non-OCBC Card Promo
18% fuel savings
Which Credit Card Is The Best For Petrol Discounts And Promos?
Have a question about credit cards for cars and petrol?
Why not ask our friendly community in our Seedly Q&A? Or if you already know what’s the best deal for your petrol credit card combo, why not share it with the rest and accumulate some good karma?
Which Credit Card Is The Best For Petrol?
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