SINGAPORE - Foreigners driving into Singapore will have to pay more from August, the Land Transport Authority announced on Tuesday.

From Aug 1, drivers of foreign-registered cars will have to pay $35 for a daily permit - up from $20 today.

And those driving goods vehicles will have to pay $40 for a monthly permit - four times the $10 charged today.

The LTA said it periodically reviews foreign vehicle permit fees to ensure that the cost of owning and using a foreign-registered vehicle in Singapore corresponds with that of owning and using a Singapore-registered vehicle.

The cost difference has widened in recent years, largely on the back of soaring certificate of entitlement (COE) premiums and additional taxes for premium and luxury cars.