Petrol prices in Singapore drop for the first time in 28 days

Petrol prices in Singapore fell for the first time in nearly a month, as Shell became the first among major fuel companies here to post reductions across its petrol offerings on Friday (June 20).

In a price board update published at 4.30pm, the Britain-based company announced that it had posted a 4-cent reduction across its 95-octane, 95-octane petrol, and its more premium V-Power.

The more popular 95-octane petrol crossed the $3.40-mark on March 17, and its price has remained above since.

Following the latest round of petrol prices reduction at Shell, its 95-octane petrol is now priced at $3.42 per litre, while its 98-octane and V-Power are priced at $3.94 and $4.16, respectively.

Caltex and Sinopec later mirrored Shell's 4-cent reduction across their respective petrol offerings on the same night. (www.asiaone.com)