The new prices come off the back of three consecutive months of fuel increases.
The new prices set as of April 8 see’s petrol sitting 311.5 toea per litre (tpl) after a reduction by 13.44 toea from 324.94 tpl; diesel at 255.79 tpl after dropping by 9.46tpl; and and Kerosene at 239.57 tpl following a decrease of 10.59 tpl.
In a statement the Independent Consumer and Competition Commission (ICCC) said the new prices are attributed to the decreases in the ‘Import Parity Prices’ (IPP) due to the decreases in the Mean of Platts Singapore (MOPS) in March.
