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SingPost to increase postage, delivery rates in 2023; first price revision since 2014

Summary by Ground News
Singapore Post will be raising postage, package delivery and doorstep parcel delivery rates from Jan 1, 2023. The announcement on Friday (Dec 16) comes in tandem with the increase in Goods and Services Tax (GST) and "exceptional inflationary cost increases across manpower, fuel, and electricity" The hike will be staggered over the next two years, with theincrease from 8 per cent to 9 per cent taking place on January 1, 2024.

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SingPost to increase postage, delivery rates in 2023; first price revision since 2014

SINGAPORE — Singapore Post (SingPost) will be raising postage, package delivery and doorstep parcel delivery rates from Jan 1, 2023.

·Singapore
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The Straits TimesThe Straits Times
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SingPost to raise postage, delivery rates from 2023

Rates for selected local mail services will rise between two and 10 cents by 2024. Read more at straitstimes.com.

·Singapore
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Channel News AsiaChannel News Asia
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SingPost to increase postage, delivery rates in 2023; first price revision since 2014

Due to the increase in GST and significant rise in operating costs, there is an imperative need to moderate the prices of SingPost’s products and services, in order to support the fulfilment of deliveries in a sustainable manner, the company said.

·Singapore
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Channel News Asia broke the news in Singapore on Friday, December 16, 2022.
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