News analysis

Look at events from 2012 for answers to what is fuelling the relentless rise in COE prices

For consumers who decide to buy now, they will find themselves in a negative equity position two to three years down the road. ST PHOTO: KUA CHEE SIONG
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Motorists are facing a double whammy of record fuel prices and near-record certificate of entitlement (COE) prices.

Reasons for the first are pretty clear - demand for oil products has surged with more economies re-starting after two years of pandemic-induced lockdowns; and most recently, Russia's invasion of Ukraine spooking the market.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.