Pump prices in Singapore remain unchanged despite plunge in oil prices

SPH Brightcove Video
Wall Street tumbled for a second straight day on Tuesday as a collapse in US oil prices and glum forecasts by companies worsened fears of a deep economic downturn.
A litre of 92-octane and 95-octane petrol is reportedly listed at $2.05 and $2.09 respectively across all brands. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Fuel pump prices have not moved since late March, despite crude oil prices falling to below zero on Monday (April 20) before rebounding.

According to Bloomberg, a barrel of West Texas Intermediate (WTI) crude was at a record low of US$1.69 at 9.40pm on Monday, while Brent crude was at US$25.92 - down from around US$66 and US$74 respectively 12 months ago.

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 WhatsApp Channel and get the latest news and must-reads.