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
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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.

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