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160323_ Best Credit Cards For Petrol in Singapore (2023)_ Latest Petrol Prices & Discounts

Best Credit Cards For Petrol in Singapore (2023): Latest Petrol Prices & Discounts

profileJoel Koh

Getting a car in Singapore is really complicated because of the 101 things to consider (mostly costs) that help you decide if you really need and can afford a car.

Let’s be honest, you’ll first need to understand the various factors that go into your car’s crazily expensive price tag, and then you’ll need to assess if you’re earning enough to afford a car comfortably.

There are so many other expenses you’ll need to consider, with fuel costs being a major one.

With that said, here’s a breakdown of Singapore’s fuel prices, which are notoriously higher than in most other countries.

Oil Price Increase and Why is Petrol Price Increasing in Singapore

Thankfully, even though the Russia-Ukraine war is still ongoing, petrol prices came down slightly in mid-July 2022 and maintained relatively the same ever since.

How Much Is a Litre of Petrol in Singapore? What Is the Cost of 1 Litre of Petrol?

From 5 January to 1 July 2022, one litre of 95-Octane petrol* from Sinopec increased by a staggering ~26.40%, from $2.58 per litre to $3.39 per litre.

However, prices came down from 2 July 2022 at $3.35 per litre to $2.79 per litre as of 8 March 2023.

*Note that this petrol grade was chosen as it is the only grade that all petrol retailers sell. Sinopec also offers the cheapest petrol before discount.

Source: Motorist. sg

Depending on how often you hit the road, your monthly expense on petrol would be around $150 to $200, given the average mileage clocked by Singaporeans and the average petrol price per litre.

This cost will directly contribute to your operating cost if you’re a private hire driver.

So, it’s time to look out for great fuel discounts using credit cards and save some money.


TL;DR: Best Credit Cards For Petrol (2023) & Credit Card Promotions

Best For Credit Cards Upfront Discount Cashback/Cash Rebate Savings
Caltex OCBC 365 Credit Card 18% Up to 5% Up to 22.1%
Esso DBS Esso Card
Apply Now
18% Up to 3.6% Up to 21.6%
Shell HSBC Premier Mastercard 17% Up to 5% Up to 21.15%
UOB One Credit Card 17% Up to 5% Up to 21.15%
Sinopec OCBC 365 Credit Card 20% Up to 5% Up to 24%
SPC POSB Everyday

Apply Now

20% Up to 7.1% Up to 21%

Disclaimer: Petrol prices are volatile and credit card promotions are subject to change at the bank’s discretion without prior notice

For your convenience, these are the best credit cards in Singapore when it comes to petrol perks and discounts at different fuel companies:

What Are the Fuel Price in Singapore and the Diesel Prices in Singapore Today?

Here’s a quick summary for you:

Petrol Grade929598PremiumDiesel
SPC$2.74$2.78$3.26N.A.$2.62
ESSO$2‬‬‬‬.‬‬‬‬74$2‬.‬7‬9$3‬‬‬‬‬‬.‬‬‬‬‬‬26N.A.$2‬‬‬.‬‬‬62
SinopecN.A.$2‬‬‬.‬‬‬79$3‬‬‬‬.‬‬‬‬‬‬‬26$3‬‬‬‬.‬‬‬‬3‬‬‬‬9$2‬‬‬‬‬‬.‬‬‬‬‬‬6‬‬‬‬‬‬1
Caltex$2.74$2.79N.A.$3.45$2.62
ShellN.A.$2.79$3.28$3.50$2.62

Source: Motorist Singapore. Prices include credit card discounts and relevant loyalty programmes.

Disclaimer: Information is accurate as of 13 Mar 2023 and is sourced from Motorist.sg and the respective petrol providers’ websites and social media. Discount validity periods and amounts are subject to change at the merchant’s discretion without prior notice.


What Is Petrol Price in Singapore Today? How Petrol Prices Are Determined in Singapore

Here’s how the petrol prices in Singapore are determined.

1. Singapore Petrol Tax: Can You Use 92 Octane Instead of 95? 

There is a fuel excise tax for motor petrol (92 and 95 Octane) and premium motor petrol (98 Octane) in Singapore.

But diesel vehicles aren’t spared either because LTA levies a Special Tax on such vehicles.

In addition, the 7% GST also applies to all fuels (which will be higher very shortly).

2. Handling Costs

  • Storage
  • Transportation
  • Marketing
  • Operations
  • Retailer profit margin

The cost of the fuel itself is but one of many petrol components, which is why we don’t necessarily see a significant drop in petrol prices even when crude oil prices decrease.


Caltex Petrol Credit Card Discounts and Petrol Prices

Here are the latest Caltex Techron® fuel prices (per litre):

  • Diesel (Caltex Techron Diesel): $2.62
  • 92-Octane (Caltex Techron 92): $2.74
  • 95-Octane (Caltex Techron 95): $2.79
  • 98-Octane (Caltex Techron Platinum 98): $3.45

Also, here are the latest Caltex credit card petrol discounts.

HSBC Caltex Credit Card Discounts

HSBC Credit Cards Fuel Type Upfront Discount Fuel Savings Additional
HSBC Premier Mastercard All grades of petrol and diesel 17% Up to 21.15% 5% cash rebate with min. spend of $600
HSBC VISA Platinum Credit Card

Apply Now

All grades of petrol and diesel 17%
HSBC Revolution Credit Card & any other HSBC cards

Apply Now

Platinum 98 only 16%
HSBC Advance Credit Card & any other HSBC Cards

Apply Now

All grades of petrol and diesel 14%

Promotions Terms and Conditions:

  • All promotions are valid till 30 June 2023
  • To be eligible for the HSBC Card Rebates of 5%, HSBC Premier Mastercard Cardholders will need to charge a minimum of $600 (including but not limited to purchases at Caltex service stations) to their Participating Card account per calendar month.
  • To be eligible for the HSBC Card Rebates of 5%, HSBC VISA Platinum Cardholders will need to charge a minimum of $600 (including but not limited to purchases at Caltex service stations) to their Participating Card account every month in a calendar quarter.
  • Caltex HSBC offers:
    • Get 17% upfront discount on Techron fuels with HSBC Premier Mastercard© or HSBC VISA Platinum Credit Card + 5% cash rebate (Up to 21.15% in fuel savings)
    • Get 16% upfront discount with other HSBC Credit Cards when you pay with the CaltexGO app.

OCBC Caltex Credit Card Discounts

OCBC Credit Cards Fuel Type Upfront Discount Fuel Savings Additional
OCBC 365 Credit Card Techron fuels 18% Up to 22.1% 5% cashback with min. spend of $800
OCBC Voyage Credit Card Techron fuels 19%
OCBC Premier Visa Infinite Card Techron fuels 19%
OCBC Titanium & any other OCBC Credit Cards Platinum 98 only 16%
OCBC Frank & any other OCBC Credit Cards All grades of petrol and diesel 14%

Promotions Terms and Conditions:

  • All promotions are valid till 30 June 2023
  • To be eligible for the OCBC 365 cashback of 5% cashback, Cardholders will need to charge a minimum of $800 to the OCBC 365 credit card in a calendar month.
  • Enjoy a 25% upfront discount with no minimum spend on all OCBC credit cards when you make your first payment via the CaltexGO app. Terms and conditions for the OCBC New to CaltexGO 25% fuel discount offer apply.

Standard Chartered Caltex Credit Card Discounts

Standard Chartered Cards Fuel Type Upfront Discount Fuel Savings Additional
Standard Chartered Visa Infinite Card All grades of petrol and diesel 17% Up to 19.5% $3 instant rebate with minimum spend of $100 gross spend on Techron® fuels standard
Standard Chartered Smart Credit Card

Apply Now

All grades of petrol and diesel 17%
Standard Chartered Simply Cash Credit Card

Apply Now

All grades of petrol and diesel 17% Up to 20.7% Card rebate: 1.5%
Standard Chartered Unlimited Credit Card All grades of petrol and diesel 17%

Standard Chartered X Credit Card & Any other Standard Chartered Visa or MasterCard

Apply Now

Platinum 98 only 16%
Standard Chartered Platinum Visa Card & any other Standard Chartered Visa or MasterCard

Apply Now

All grades of petrol and diesel 14%

Promotion Terms & Conditions:

  • All promotions are valid till 30 June 2023
  • 19.5% fuel savings with Standard Chartered Visa Infinite Credit Cards is derived from a $3 instant rebate and is based on the nett amount after applying the 17% upfront discount on Techron® fuels, based on $80 gross spend
  • 20.7% fuel savings with Standard Chartered Simply Cash Card is derived from a $3 instant rebate and is based on the nett amount after applying the 17% upfront discount on Techron® fuels, based on $80 gross spend
  • To be eligible for the $3 instant rebate, Standard Chartered Simply Cash and Visa Infinite Credit Cardholders (“Eligible Cards”) must spend a minimum of $100 gross fuel spend for each transaction via Indoor or CaltexGO payment. Eligible Cards or appliable program discounts shall be applied after the deduction of the $3 instant rebate
  • Caltex Standard Chartered Offer: Get 17% instant discount + $3 instant rebate (with min. $100 gross fuel purchase in a single transaction) on Techron fuels with Standard Chartered Simply Cash or Visa Infinite Credit Card, or 16% instant discount with other Standard Chartered Credit/Debit card when you pay with the CaltexGO app.

Caltex Automobile Association Card Promotion

Automobile Association (A.A.) of Singapore members will enjoy the following discounts when they present their AA Card:

  • 16% instant discount on Caltex Platinum 98
  • 14% instant discount on Caltex Regular 92, 95 and Diesel.

Do note that this discount may not be valid with other upfront discount promotions including but not limited to credit card discounts.

Caltex SAFRA Card Promotion

Also, if you sign up or renew your Singapore Armed Forces Reservist Association (SAFRA) membership, you can get $36 worth (six pieces of $6 off $60 Caltex fuel voucher) of Caltex fuel vouchers!

You can also maximise your fuel savings with up to 3% cash rebate with local MasterCard contactless transactions through your SAFRA DBS Credit or Debit Card.

That said, on top of the welcome/renewal vouchers, SAFRA members can enjoy these fuel discounts:

  • 14% fuel discount for Caltex Ron 92, 95 Fuel & Diesel
  • 16% fuel discount for Caltex Platinum 98 Fuel only

In total, you can enjoy up to 24.4% of fuel savings!

CaltexGO Loyalty Programme

Download the CaltexGO app to simultaneously earn loyalty points and seamlessly pay for your petrol without needing your wallet.

Those who are new to both OCBC debit/credit cards and CaltexGO can enjoy up to 25% off their first CaltexGO payment using an OCBC credit card.

These are the main requirements:

  • Min. monthly spend: $800
  • 5% cashback on NETT fuel spend
  • Up to 22.1% on Techron fuel spend (18% off at Caltex + 20.2% fuel savings at Esso
  • 6% cashback on dining
  • 3% cashback on physical and online groceries
  • Cashback capped at $80 monthly

Caltex Link Card Programme

All drivers get to earn two LinkPoints with every litre of fuel purchased at Caltex.

These LinkPoints can be used to offset your future purchases, as well as at Caltex’s Partners’ stores or online reward redemption.

You can simply register for a Link card at any Caltex service station with no membership fee required.

Do note that 100 LinkPoints = ~$1.

Caltex & GrabRentals Discounts

GrabRentals hirer-partners, you will be able to enjoy exclusive discounts and redeem them via the CaltexGo app.

Source: Grab

As you can see, GrabRentals Hirer-Partners on GRBeyond will get to enjoa y 29% upfront discount via CaltexGo, and an additional 2% rebate.

The rebates will be credited to your Grab Driver wallet within 20 calendar days of the next calendar month.


Esso Petrol Price + Best Esso Petrol Credit Card Discounts

Here are the latest Esso petrol prices (per litre):

  • Diesel (Esso Diesel): $2.62
  • 92-Octane (Esso Regular 92): $2.74‬‬
  • 95-Octane (Esso Extra 95): $2.79
  • 98-Octane (Esso Synergy Supreme+): $3‬‬‬.‬‬‬26

Citibank Esso Credit Card Discounts

Citibank Cards Fuel Type Upfront Discount Fuel Savings Additional 
Citi Cash Back Card

Apply Now

All grades of petrol and diesel Esso: 10%

Card: 4%

Up to 20.88% Up to 8% cashback with min. spend of $800 (applies after Esso and Citi discount)
Citi Rewards Credit Card & any other Citibank credit cards

Apply Now

All grades of petrol and diesel Esso: 10%

Card: 4%

Up to 14%

Promotion Terms & Conditions:

  • Promotion is valid until further notice
  • 20.88% fuel savings at Esso include a 5% Esso site discount, 5% Esso Smiles Card discount, 4% Citi Card discount and 8% cash back with Citi Cash Back Card (on nett purchase)
  • To enjoy the 5% Esso Smiles Card discount, payment at Esso stations must be made together with a Smiles Card
  • To enjoy a full 14% fuel discount (5% Esso station site discount + 5% Esso Smiles card discount + 4% Citi Card discount), Citi Credit/Debit Cardmembers have to present their physical Citi Credit/Debit Card for payment at the Esso cashier counter.
  • 4% Citi Card discount refers to any Citibank Credit/Debit Card issued by Citibank Singapore Limited
  • To qualify for 8% cashback, Citi Cash Back Cardholders need to fulfil a total minimum retail spend of $800 per statement month
  • Card Discount is not applicable for:
    • Payments made via Samsung Pay (Magstripe) indoor terminal
    • Payments made via Apple Pay on Pay-at-the-Pump outdoors
    • Payments made at Pay-at-Pump outdoors for other e-wallets such as SamsungPay and GooglePay.

DBS Esso Credit Card Discounts

DBS Cards Fuel Type Upfront Discount Fuel Savings Additional 
DBS Esso Card All grades of petrol and diesel Esso: 10%

Card: 8%

Up to 21.6% Up to 3.6% cashback with min. spend of $180 nett on fuel per calendar month  (applies after Esso and Citi discount)
DBS Altitude Visa Signature Card & any other DBS cards

Apply Now

All grades of petrol and diesel Esso: 10%

Card: 4%

Up to 14%

Terms & Conditions:

  • Promotion is valid until further notice
  • 18% instant fuel discount is not applicable for Mobile Wallet payments such as Apple Pay, Samsung Pay, and Google Pay.
  • 14% instant fuel discount is not applicable for payment made via Samsung Pay (Magstripe) indoor terminal, Apple Pay on Pay-at-the-Pump outdoors, or at Pay-at-Pump outdoors for other mWallet such as SamsungPay and AndroidPay
  • To qualify for Additional Fuel Savings, cardmembers must spend a minimum of $180 nett fuel spend per calendar month at any Esso service stations in Singapore
  • Smiles members will be awarded Smiles Points equivalent to 1.7% (normal tier) or 2.4% (bonus tier) fuel savings when 250 litres of Synergy fuel is purchased within a calendar month.

OCBC Esso Credit Card Discounts

OCBC Cards Fuel Type Upfront Discount Fuel Savings Additional 
OCBC 365 Credit Card All grades of petrol and diesel Esso: 10%

Card: 6%

Up to 20.2% Up to 5% cashback with min. spend of $800 per calendar month
All other OCBC Credit Cards All grades of petrol and diesel Esso: 10%

Card: 4%

Up to 14%

Terms & Conditions:

  • Promotion is valid until further notice
  • Smiles points equivalent to 2.3% fuel savings will be awarded when 250 litres of Synergy Extra fuel are purchased on the same Smiles card within a calendar month.
  • Instant fuel discount consists of the following:
    1. 5% Esso service station discount
    2. 5% Esso Smiles Card discount
    3. OCBC related discount of 4% discount for all other OCBC Credit/Debit Cards
      1. To enjoy the discount, payment must be made with an OCBC Credit/Debit Card via a Visa/MasterCard transaction, and Esso Smiles Card must be presented
      2. Discount can be enjoyed on any grade of petrol or diesel and applied to the prevailing price of fuel purchased. Discount rates may be changed without notice; please check at the service station for prevailing rates.

Trust Esso Credit Card Discounts

Trust Cards Fuel Type Upfront Discount Fuel Savings Additional 
Trust Credit Card All grades of petrol and diesel Esso: 10%

Card: 5%

Up to 18.16% Up to 3.5% LinkPoints rebate on nett transaction amount within min. spend of $450

Esso Smiles Card Promotion

Sign up for the Esso Smiles Card to get an instant discount and earn Esso Smiles points for reward redemption. Note that one litre of fuel purchase = one Esso Smiles point


Shell Petrol Price + Best Shell Petrol Credit Card Discounts

Here are the latest Shell petrol prices (per litre):

  • Diesel (Shell FuelSave 98): $2.62‬‬
  • 92-Octane: N.A.
  • 95-Octane (Shell FuelSave 95): $2.79
  • 98-Octane (Shell FuelSave 98): $3‬‬‬.‬‬‬28
  • Premium (Shell V-Power): $3.50

Citibank Shell Credit Card Discounts

Citibank Cards Fuel Type Upfront Discount Fuel Savings Additional 
Citi Cash Back Card

Apply Now

All grades of petrol and diesel 14% Up to 20.88% Up to 8% cashback with min. spend of $888 (applies after Esso and Citi discount)
Citi PremierMiles Credit Card & any other Citibank credit cards

Apply Now

All grades of petrol and diesel 14% Up to 14%

Terms & Conditions:

  • Promotions are valid till further notice
  • 20.88% savings is calculated based on: 5% Shell site discount, 5% Shell Escape Card discount, 4% Citi Card discount and 8%~ cash back (after Shell and Citi discounts) with Citi Cash Back Card. 14% savings is calculated based on: 5% Shell site discount, 5% Shell Escape Card discount and 4% Citi Card discount.
  • Citi Cash Back Card Cardmember’s Agreement, fees, interest charges apply. Total minimum retail spend of $800 per statement month required

HSBC Shell Credit Card Discounts

HSBC Credit Cards Fuel Type Upfront Discount Fuel Savings Additional
HSBC Premier Mastercard Shell V-Power / Shell FuelSave 98 only 17% Up to 21.15% 5% cash rebate with min. spend of $600
HSBC Premier Mastercard Shell FuelSave 95 / Shell FuelSave Diesel only 14% Up to 18.30%
HSBC VISA Platinum Credit Card

Apply Now

All grades of petrol and diesel 14% Up to 18.30%
HSBC Revolution Credit Card & any other HSBC cards

Apply Now

All grades of petrol and diesel 14% Up to 14%
  • Up to 21.15% savings for HSBC Premier Mastercard Credit Card is calculated based on 5% upfront Shell station discount, 5% upfront Shell Escape discount, 7% HSBC Premier Mastercard Credit Card instant discount (only applicable for Shell V-Power and Shell FuelSave 98 only), and, if applicable, 5% HSBC Premier Mastercard Credit Card rebate. Valid Shell Escape Card must be presented to the cashier to enjoy the bank upfront discounts
  • Up to 18.30% savings for HSBC Premier Mastercard Credit Card is calculated based on 5% upfront Shell site discount, 5% upfront Shell Escape Card discount, 4% HSBC Card discount, and, if applicable, 5% HSBC Premier Mastercard Credit Card rebate. Valid Shell Escape Card must be presented to the cashier to enjoy the bank upfront discounts
  • Up to 18.30% savings for HSBC Visa Platinum Credit Card is calculated based on 5% upfront Shell site discount, 5% upfront Shell Escape Card discount, 4% HSBC Card discount, and, if applicable, 5% HSBC Visa Platinum Credit Card rebate. Valid Shell Escape Card must be presented to the cashier to enjoy the bank upfront discounts
  • Up to 14% fuel savings is calculated based on 5% Shell site discount, 5% Shell Escape Card discount, 4% HSBC Card discount with other HSBC Credit / Debit Card. Excludes non-Singapore issued HSBC Credit / Debit Cards and HSBC Corporate Cards. Valid Shell Escape Card must be presented to the cashier to enjoy the bank upfront discounts.

HSBC Shell Escape Programme

If you charge $2,400 (including $240 at Shell) monthly on your HSBC credit card, you will also earn Shell Escape Points:

Monthly Spend AmountShell Escape points earned
HSBC credit card spend of $2,400480
(every $5 spend = 1 Shell Escape point)
Shell spend of $240
(earned on your Shell Escape Card)
120*
(1L of Shell V-power = 1.2 points, 1L of Shell FuelSave98/95 & Shell Diesel = 1 point)
Total600 (Approx. $20 worth of Shell fuels!)

UOB Shell Credit Card Discounts

UOB Cards Fuel Type Upfront Discount Fuel Savings Additional
UOB One Card All grades of petrol and diesel 17% Up to 21.15% Up to 5% cashback
UOB Reserve Card All grades of petrol and diesel 17% Up to 17%
UOB Debit Cards All grades of petrol and diesel 15% Up to 15%
UOB KrisFlyer Credit Card & any other UOB Cards All grades of petrol and diesel 14% Up to 14%

Promotions Terms & Conditions:

  • Promotions are valid until further notice
  • Up to 21.15% savings for UOB One Credit Card is calculated based on 5% upfront Shell station discount, 5% upfront Shell Escape discount, 7% UOB One Credit Card instant discount, and, if applicable, up to 5% UOB One Credit Card cashback
  • Instant 17% discount for UOB Reserve Card is calculated based on 5% upfront Shell station discount, 5% upfront Shell Escape discount and 7% instant discount for UOB Reserve Card
  • Instant 15% discount for UOB Debit Cards is calculated based on 5% upfront Shell station discount, 5% upfront Shell Escape or Shell GO+ membership discount, 5% upfront discount for UOB Debit Cards.
  • Instant 14% discount for all other UOB Credit Cards is calculated based on 5% upfront Shell station discount, 5% upfront Shell Escape or Shell GO+ membership discount, 4% upfront discount for all other UOB Credit Cards (excluding non Singapore issued credit cards and corporate cards)
  • For the UOB One card, enjoy up to a 5% cash rebate based on a spend of $2,000 monthly for each qualifying quarter with min. 5 purchases monthly to earn the quarterly cash rebate of $300.

Sinopec Petrol Price + Best Sinopec Petrol Credit Card Discounts

Here are the latest Sinopec petrol prices (per litre):

  • Diesel (Sino Diesel): $2.61
  • 92-Octane: N.A.
  • 95-Octane (Sinopec 95): $3.26
  • 98-Octane (Sinopec 98): $3.26
  • Premium (Sino X Power): $3‬‬‬‬‬‬.39

HomeTeamNS Sinopec Promotion

Bukit Timah Sinopec

You can get 24% instant savings off your fuel purchase (any fuel type) at Bukit Timah station.

Promotion cannot be combined with other promotional offers.

  • Promotion is valid till 31 December 2023.
  • Promotion is limited to Ordinary, Associate & Family Members only
  • Members will need to present their HomeTeamNS Membership Card (as shown above) and a valid driver’s license at the point of purchase.

Woodlands and Yishun Sinopec

You can get 23% instant savings off your fuel purchase (any fuel type) at the Sinopec Woodlands and Yishun petrol service stations.

Promotion cannot be combined with other promotional offers.

  • Promotion is valid till 31 December 2023.
  • Promotion is limited to Ordinary, Associate & Family Members only
  • Members will need to present their HomeTeamNS Membership Card (as shown above) and a valid driver’s license at the point of purchase.

OCBC Sinopec Credit Card Discounts

OCBC Cards Fuel Type Upfront Discount Fuel Savings Additional 
OCBC 365 Credit Card All grades of petrol and diesel 20% Up to 24% 5% cashback after discount with min. spend of $800 on OCBC 365 card

Promotion Terms & Conditions:

  • Promotion is valid until further notice
  • Payment must be made with an OCBC Credit/Debit Card via a Visa/MasterCard transaction to enjoy the discount. Fuel savings can be enjoyed on any grade of petrol and diesel and will be applied to prevailing fuel purchase prices.
  • Up to 24% fuel savings for OCBC 365 Credit Card at Sinopec comprises of the following:
    • 20% instant discount on gross fuel spend at Sinopec Bukit Timah and Yishun service stations, respectively; and
    • Additional 5% rebate on nett fuel spend after discount (equivalent to 3.8% and 4% savings before discount), provided the Cardmember spends at least $800 in total on an OCBC 365 Credit Card in a month.
      Transactions must be posted within a calendar month to qualify. Maximum cashback per month is capped at $80.
  • X points equivalent of up to 1.65% fuel savings is computed based on the fuel price of Sino Power 95 as of 27 August 2020. 90 X points are equal to $3 worth of fuel. No minimum spend based on calendar month is required.

Sinopec X Card Promotion

Don’t forget to sign up for the Sinopec X Card as you get rewarded with X Points each time you purchase petrol. These X points can be used to redeem cash rewards for your future fuel purchases and are earned at these rates:

  • SINO Power98 / SINO Power95 / Diesel = 1 Point per litre
  • SINO X Power = 1.5 point per litre.

Every 90 X points can be redeemed for $3 off any fuel.


SPC Petrol Price + Best SPC Petrol Credit Card Discounts

Here are the latest Singapore Petroleum Company’s (SPC) petrol prices per litre:

  • Diesel (SPC Levo Diesel): $2.62
  • 92-Octane (SPC Levo 92): $2.74
  • 95-Octane (SPC Levo 95): $2.78
  • 98-Octane (SPC Levo 98): $3.26
  • Premium: N.A.

DBS/POSB SPC Credit Card Discounts

DBS/POSB Cards Fuel Type Upfront Discount Fuel Savings Additional 
DBS Altitude Visa Signature Card

Apply Now

All grades of petrol and diesel SPC&U Member: 10%

Non-SPC&U Member: 5%

 

Up to 15%
  
DBS Black Visa Card
DBS Woman’s Card

Apply Now

POSB Everyday Card

Apply Now

All grades of petrol and diesel SPC&U Member: 10%

Non-SPC&U Member: 5%

DBS/POSB Card: 5%

 

Up to 20.1% POSB Everyday Card
Cash Rebate: 6%Additional 2% cash rebate when meet min. spend of $800 per calendar month

Promotion Terms & Conditions:

  • Promotions are valid till 31 March 2023
  • 5% discount is applicable when you charge your petrol purchase at any SPC service station to your DBS/POSB Everyday Card
  • POSB Everyday Cardmembers enjoy a 6% cash rebate on the final charge amount (after any other applicable discounts)
    • To qualify for additional 2% cash rebates, Cardmembers need to meet the minimum of $800 qualified spend per calendar month.

UOB SPC Credit Card Discounts

DBS/POSB Cards Fuel Type Upfront Discount Fuel Savings Additional 
UOB Lady’s Card All grades of petrol and diesel SPC&U Member: 10%

Non-SPC&U Member: 5%

UOB Visa/MasterCard/American Express®/UnionPay Platinum Card: 5%

 

 

Up to 20% UOB Visa/MasterCard/UnionPay ($3 off every $51 nett petrol
purchase): 5%  
UOB One Card
UOB UnionPay Card
UOB KrisFlyer Credit Card & any other UOB Cards

Promotion Terms & Conditions:

  • Promotions are valid till 31 March 2023
  • $3 off is only applicable with every $51 nett spend after all station discounts and/or coupons are deducted from the gross amount for payment made with UOB Visa, Mastercard or UnionPay Credit/Debit Cards only.

American Express SPC Credit Card Discounts

American Express (AMEX) cards Fuel Type Upfront Discount Fuel Savings Additional
Any American Express Cards All grades of petrol and diesel SPC&U Member: 10%

Non-SPC&U Member: 5%

AMEX Card: 5%

 

Up to 21% Cash rebate: 7.1%
(7.1% savings via statement credit on the final charge amount, limited to first 65,000 registered card, capped at $120)

Promotion Terms & Conditions:

  • Promotions are valid till 31 March 2023
  • 5% savings is applicable when you charge your petrol purchase at any SPC service station to your American Express Card
  • The 7.1% statement credit promotion is open to individuals who hold personal basic and/or supplementary American Express® Cards issued in Singapore by American Express International Inc. only (“Eligible Cards”), excluding American Express Corporate Cards and American Express Cards issued by Citibank Singapore Limited, DBS Bank Ltd and United Overseas Bank Limited (“Card Members”)
    • The offer is limited to the first 65,000 eligible Cards successfully registered for the offer. This offer is only available for your targeted Card, and other Cards you hold may not be eligible
    • Offer is limited to $120 credit per Card for the Promotion Period to which the offer is registered, and only spending on this Card counts towards the offer.

SPC&U Card Promotion

Don’t forget to register for an SPC&U card to receive instant discounts. You’ll get to enjoy up to 10% discount on 92,95 and 98-octane petrol and up to 15% on diesel.


Malaysia Petrol Price Guide: How Much Do You Save Pumping Petrol in Johor Bahru (JB)?

Source: motorist.sg

Now that the JB borders are opening, I’m sure most of you plan to drive across the causeway to escape the high petrol costs here.

Based on the calculations by motorist.sg, assuming your car has a fuel tank with a full capacity of 55 litres, the prices of a full tank of petrol in Singapore and Malaysia would be as follows:

 Singapore (RON 95)Malaysia (RON 97)
Full Tank$125$68

A few things to note:

  • Singaporeans are not allowed to pump RON 95 petrol in Malaysia as it is subsidised there, so the Malaysian prices will be for RON 97 petrol.
  • Prices are based on the exchange rate in Malaysia dated 2 April 2022.

Let’s assume we need to follow the 3/4 rule for our fuel tanks when travelling to JB.

With a fuel capacity of 55 litres, you will need at least 45 litres to be able to cross the border without legal repercussions.

The distance from Singapore to the nearest petrol station in JB will consume roughly 2 litres, leaving you with about 43 litres in the tank.

Therefore, you can fill about 12 litres of petrol in JB, which will cost you about $15.

Along with the original 45 litres costing you about $103, you will end up spending roughly $118 on petrol if you choose to fill up your tank in JB.

When we compare it to the full tank in Singapore costing you $125, you can save about $7 when you pump petrol in JB.

Do note that the calculations do not account for the fuel consumed when travelling back to Singapore, nor does it factor in the time taken to travel to and from JB.

Bonus: What Was the Highest Petrol Price in Singapore?

One more thing.

Source: Giphy

Here’s a bit of trivia for you.

According to Fuel Kaki, the highest petrol price in Singapore was recorded on 9 June 2022 when the most premium grade of petrol, 98-Octane, was sold by Shell for $4.04 a litre before discounts!

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About Joel Koh
History student turned writer at Seedly. Before you ask, not a teacher. I hope to help people make better financial decisions and not let money control them.
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