![]() ![]() However, although the price of oil had fallen in recent times to 12-year lows, this discount was not fully passed onto the consumers. Shipping costs and government taxes are added to the Singapore petrol price, and this represents 95% of the wholesale price of petrol. This price is affected by the price of oil but only crude oil prices for Asia Pacific. Prices at the service stations are determined by the Singapore benchmark price of petrol. The Relationship Between Petrol Prices and Oil Prices
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