ST Explains: How surging oil and gas prices may affect Singapore consumers

Since Feb 14, 95-octane petrol has climbed by as much as 45 cents, or 16 per cent. PHOTO: ST FILE
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SINGAPORE - Oil and gas prices are going through the roof amid the war in Ukraine, and Singapore is not being spared.

Pricier commodities, including energy resources, can have sweeping effects across the economy, from transport costs to food and utility prices.

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