Higher Transport, Grocery Prices: How the Surge in Oil Prices Could Impact Singapore

Higher transport, grocery prices: How the surge in oil prices could impact Singapore

As a small and open economy, Singapore is exposed to global energy price shocks, analysts said.

Mideast war: Hongkongers warned of higher energy bills and fuel costs, as oil exceeds US$100 and markets shaken

Hongkongers were warned of rising energy costs on Monday, as regional markets were shaken by the war in the Middle East. Images from social media of huge flames erupting from an oil depot in Tehran over the weekend. Photo: via BBC. Oil breached US$100 (HK$782) a barrel for the first time since 2022, as the US-Israeli war against Iran continued into a second week with no sign of abating. Billy Mak, an associate economics professor at Hong Kong Ba…

Singapore consumers in for higher petrol, electricity prices as oil spikes past US$100

Singapore consumers to face higher petrol and electricity prices as Middle East tensions drive up oil prices. Read more at straitstimes.com.

War fears lift oil prices as people brace for higher costs

The US-Israel war with Iran is sending ripple effects across Asia and Europe, with disrupted supply chains pushing fuel prices higher. Could this trigger another global economic blow as markets come under growing strain?

Petrol prices in Singapore cross $3 per litre mark; diesel prices near $3

Pump prices in Singapore have continued to rise with three fuel companies increasing prices for their popular 95-octane petrol to around $3.15 on Monday (March 9). The adjustments come amidst surging oil prices as conflict in the Middle East, now in its second week, ensnared countries and places that are critical to the production and movement of oil and gas...

Fuel cost spike likely as oil prices rise, RAC says

Oil price rises linked to conflict in the Middle East could see average UK petrol and diesel prices approach 150p and 180p per litre respectively, the RAC says.