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Petrol prices are a pain at the pump for Singapore drivers​

People fuel their vehicles at a petrol station in Singapore on May 13, 2022. (Photo by Then Chih Wey/Xinhua via Getty Images)

Singapore's fuel prices are nothing short of a wallet workout, leaving many drivers wondering how we compare to our neighbours and the rest of the world. (Photo: Then Chih Wey/Xinhua via Getty Images) (Xinhua News Agency via Getty Images)More
Singapore's petrol prices are among the highest in the world, creating a burden for local drivers.
Currently, the cost stands at around $2.30 per liter, making it nearly four times more expensive than Malaysia, where a litre costs just $0.60 (RM2.05).
This means filling up a Toyota Camry in Singapore sets drivers back $140, while the same vehicle in Malaysia costs a mere $37.
With the price of fuel soaring, Singaporeans are feeling the pinch every time they pull up to the pump.
Comparatively, neighbouring countries offer a mix of petrol prices, but they all fall short of Singapore's steep costs.
In Thailand, a litre goes for about $1.40, meaning a full tank for a Toyota Camry costs $84.
Meanwhile, in Indonesia, petrol hovers around $1.36 per litre, leading to a similar fill-up price.
While these regional neighbours are pricier than Malaysia, they are still more affordable than Singapore, which has drivers longing for cheaper days.
Over in Hong Kong, the situation is even bleaker.
With petrol prices can go up to $4.30 per litre, filling a Toyota Camry there can cost up to $258.
Despite the high costs, Hong Kong drivers still have to fork out big bucks to travel.
In the United States, drivers can fill their tanks for about $1.25 per litre.
A full tank in a Toyota Camry costs $75, allowing for a comfortable drive from Los Angeles to San Francisco.
While still expensive, it's a far cry from the pain felt at Singaporean pumps.
The UK also shares the high price blues, with petrol priced at $2.89 per litre, making a full tank cost a staggering $173.
While Singaporeans may be sweating at the pump, their Malaysian neighbours continue to enjoy affordable drives and long-distance travel without breaking the bank.
 

Is a personal loan the answer to Singapore's rising living costs? How Singapore’s petrol prices stack up against its neighbours?: Singapore live news​

We feature a curated selection of some of the biggest, most important, and fascinating news that’s making waves online​

Yahoo News Singapore
Updated Tue, 29 October 2024 at 11:31 AM SGT

Woman signs bank loan documents before a bank representative.

While personal loans offer immediate relief for large expenses, Singaporean borrowers must weigh the benefits against the long-term obligations and risks to credit scores. (Photo: Getty Images)(Carlina Teteris via Getty Images)More
Hello to all our readers, Yahoo Singapore will be bringing you live news updates today.
In Singapore, where living costs are skyrocketing, many are turning to personal loans for relief. While these loans can ease financial burdens, they come with strings attached. As the city grapples with inflationand a new 9 per cent GST hike, the question arises: Is a personal loan the right answer? Understanding how these loans work is crucial for any borrower. The flexibility of personal loans makes them appealing. They can cover everything from weddings to urgent expenses, allowing repayments to fit within monthly budgets. However, the potential drawbacks are significant. Late payments can increase costs and damage credit scores, leading to difficulties in securing future loans. Ultimately, a personal loan can be a useful tool – but only if used wisely and with a clear plan for repayment. Here's what you should know about taking personal loans in Singapore.
If you’re a driver in Singapore, you know that filling up your tank feels more like a financial cardio session than a simple pit stop. With petrol prices hovering around $2.30 per litre, Singapore ranks as one of the most expensive places to fuel a car. But how do our prices stack up against our neighbours and the rest of the world? Let’s hit the road and explore the petrol price landscape in Singapore and beyond.
 
pap will tell you, if petrol and coe prices not high, peesai will have gridlock like jakarta or bangcock
they usually miss out the part where peesai only got 3.64 million locals, the other 2.4 million is either named ramesh or ah tiong.....
 

Petrol prices are a pain at the pump for Singapore drivers​

People fuel their vehicles at a petrol station in Singapore on May 13, 2022. (Photo by Then Chih Wey/Xinhua via Getty Images)

Singapore's fuel prices are nothing short of a wallet workout, leaving many drivers wondering how we compare to our neighbours and the rest of the world. (Photo: Then Chih Wey/Xinhua via Getty Images) (Xinhua News Agency via Getty Images)More
Singapore's petrol prices are among the highest in the world, creating a burden for local drivers.
Currently, the cost stands at around $2.30 per liter, making it nearly four times more expensive than Malaysia, where a litre costs just $0.60 (RM2.05).
This means filling up a Toyota Camry in Singapore sets drivers back $140, while the same vehicle in Malaysia costs a mere $37.
With the price of fuel soaring, Singaporeans are feeling the pinch every time they pull up to the pump.
Comparatively, neighbouring countries offer a mix of petrol prices, but they all fall short of Singapore's steep costs.
In Thailand, a litre goes for about $1.40, meaning a full tank for a Toyota Camry costs $84.
Meanwhile, in Indonesia, petrol hovers around $1.36 per litre, leading to a similar fill-up price.
While these regional neighbours are pricier than Malaysia, they are still more affordable than Singapore, which has drivers longing for cheaper days.
Over in Hong Kong, the situation is even bleaker.
With petrol prices can go up to $4.30 per litre, filling a Toyota Camry there can cost up to $258.
Despite the high costs, Hong Kong drivers still have to fork out big bucks to travel.
In the United States, drivers can fill their tanks for about $1.25 per litre.
A full tank in a Toyota Camry costs $75, allowing for a comfortable drive from Los Angeles to San Francisco.
While still expensive, it's a far cry from the pain felt at Singaporean pumps.
The UK also shares the high price blues, with petrol priced at $2.89 per litre, making a full tank cost a staggering $173.
While Singaporeans may be sweating at the pump, their Malaysian neighbours continue to enjoy affordable drives and long-distance travel without breaking the bank.
BUY BYD.

High petrol price due to taxation.
What thais and indons paying reflect actual market price.
Jiu hu price may go up in 2025 as subsidies are reduced. But as a marker, it's diesel is just below RM3/ litre. So petrol Ron 95 should be about the same.
 
pap will tell you, if petrol and coe prices not high, peesai will have gridlock like jakarta or bangcock
they usually miss out the part where peesai only got 3.64 million locals, the other 2.4 million is either named ramesh or ah tiong.....
Now already jam jam everywhere de woh
 
BUY BYD.

High petrol price due to taxation.
What thais and indons paying reflect actual market price.
Jiu hu price may go up in 2025 as subsidies are reduced. But as a marker, it's diesel is just below RM3/ litre. So petrol Ron 95 should be about the same.
Insurance not cheap lah
Few thousands annually
 
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