Singaporeans are once again facing trouble at the pump, as petrol prices have reached levels not seen since the Ukraine crisis. The ongoing war in Iran has disrupted global oil supply routes, causing market panic and sending oil prices hitting new highs on Singapore motorists. For drivers, private-hire operators and businesses, the question is no longer whether prices will rise or not, the question is how long this painful trend will last and where to find the cheapest petrol in Singapore today. This in-depth guide explores why the Iran conflict is having such a dramatic impact on oil prices, where Singapore depends on it, how petrol retailers are responding, and which stations currently offer the lowest pump prices. Whether you’re a daily commuter or a long-term private hire driver, understanding the forces behind these price increases can help you make better decisions at the pump.
How the Iran war created a boom
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