
Ultimate Comparison of Petrol Prices and Credit Card Discounts
Getting a car in Singapore is a really complicated thing 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 goes into your car’s crazily expensive price tag, then you’ll need to assess if you’re earning enough to afford a car comfortably.
That’s not the end, my friends!
There are so many other expenses you’ll need to consider and luckily for you, you can save on parking fees if you plan ahead and go to these places with free parking spots!
What’s next?

Fill up your tank, compare petrol prices while looking out for credit card discounts and promotions.
Here, we bring to you a full breakdown of fuel prices in Singapore, which are known to be notoriously higher than in most other countries.
Makes total sense why we travel across the border for Malaysia’s petrol price (which we sadly can’t do so for now).
The recent Budget has announced a price hike of up to 23% for petrol prices, a move to reduce the reliance on petrol-powered cars and towards greener options.
If you’re still driving a car, these credit card discounts and price comparison might come in handy in saving some dollars!
Best Credit Cards to Use to Pay for Your Petrol!
TL;DR – Latest Petrol Price Comparison & Credit Card Discounts
Petrol Service Station | SHELL | CALTEX | ESSO | SPC | SINOPEC | |||
---|---|---|---|---|---|---|---|---|
Before Discount | After Discount | Before Discount | After Discount | Before Discount | After Discount | Before Discount | Before Discount | |
92-Octane | N/A | S$2.32 | S$2.204 | S$2.28 | S$2.05 | S$2.25 | N/A | |
95-Octane | S$2.36 | S$2.242 | S$2.36 | S$2.242 | S$2.32 | S$2.09 | S$2.29 | S$2.32 |
98-Octane | S$2.83 | S$2.689 | N/A | S$2.79 | S$2.51 | S$2.74 | S$2.79 | |
Top Grade | V-Power: S$3.05 | S$2.898 | Platinum 98: S$2.97 | Platinum 98: S$2.822 | N/A | N/A | SINO X Power: S$2.91 |
|
Diesel | S$1.91 | S$1.815 | S$1.91 | S$1.815 | S$1.87 | $1.68 | S$1.685 | S$1.87 |
Price As of | 19 Feb 2021 | 17 Feb 2021 | 17 Feb 2021 | 19 Feb 2021 | 17 Feb 2021 | |||
Credit Card Promotions | Citibank, HSBC, UOB | OCBC, Standard Chartered, HSBC, AA, SAFRA, Grabpay | DBS, OCBC, Citibank | POSB, DBS, UOB, AMEX | OCBC |
How Are Petrol Prices Determined In Singapore?
1. Petrol Tax By The Government
In Singapore, there is a fuel excise tax for motor petrol (92 and 95 Octane) and for premium motor petrol (98 Octane).
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 in the very near future).
2. Handling Costs
- Storage
- Transportation
- Marketing
- Operations
- Retailer profit margin
The cost of the fuel itself is but one of many components of petrol, which is why we don’t necessarily see a significant drop in petrol prices even when crude oil prices decrease.
For your convenience, these are the best credit cards in Singapore when it comes to petrol perks and discounts at different fuel companies:
P.S. You’re welcome!
All numbers are obtained from the respective fuel company’s websites, through speaking with representatives or via social media posts.
Best Shell Petrol Credit Card Discounts
Citibank Shell Credit Card Discounts
Citibank Cards | Upfront Discount | Cashback | Total Savings |
---|---|---|---|
Citi Cash Back Card | 14% | Up to 8% | Up to 20.88% |
For other Citi Credit Cards | 14% | NA | Up to 14% |
Terms & Conditions:
- Total minimum retail spend of S$888 per statement month required for 8% cashback.
- Excludes non-Singapore issued Credit cards and Citibank Corporate Cards
Citibank cardholders can also get to redeem their Citi ThankYou Points at Shell stations:
- 2,100 points or 700 miles for $5 Shell Voucher

HSBC Shell Credit Card Discounts
HSBC Cards | Upfront Discount | Cash Rebate | Total Savings |
---|---|---|---|
HSBC Premier Mastercard® Credit Card | 14% | 5% | Up to 18.3% |
HSBC Visa Platinum Credit Card | 14% | Up to 5% | Up to 18.3% |
For other HSBC Credit Cards | 14% | - | Up to 14% |
HSBC credit cardholders can earn 1 Shell Escape point for every $5 charged to your HSBC credit cards and get 20% more Shell Escape points when you pump Shell V-power.
Valid till 30 June 2021
UOB Shell Credit Card Discounts
UOB Cards | Upfront Discount | SMART$ Rebate | Cash Rebate | Total Savings |
---|---|---|---|---|
UOB One Credit Card | 10% | 7% | 5% | Up to 20.80% |
For other UOB Credit Cards | 10% | 4% | NA | Up to 13.6% |
Enjoy up to 5% cash rebate based on a spend of S$2,000 monthly for each qualifying quarter with minimum 5 purchases monthly to earn the quarterly cash rebate of S$300.
Terms & Conditions:
- SMART$ rebate and/or UOB One Card rebate apply after Shell site discount and Shell Escape discount. 1 SMART$ is equivalent to S$.
- UOB SMART$ Rebates Programme does not apply to UOB PRVI Miles Platinum American Express Card, UOB Preferred Platinum American Express Card, UOB UnionPay Platinum Card, UOB Travel Account Card, Purchasing and Private Label Card unless otherwise stated.
Best Caltex Petrol Credit Card Discounts
OCBC Caltex Credit Card Discounts
OCBC Cards | Fuel Type | Upfront Discount | Cash Rebate or LinkPoints |
---|---|---|---|
All OCBC Credit or Debit Cards with CaltexGO app | All types | 22% (first CaltexGO payment) 18% for other payments | N/A |
All OCBC Credit or Debit Cards | Platinum 98 | 16% | N/A |
Regular 92 | 14% | N/A | |
Premium 95 | |||
Caltex Diesel | |||
OCBC NTUC Plus! Visa Card | All types | 18% | Additional $7 cash rebate, 0.2% LinkPoints rebate for every $1 charged, and earn 3 LinkPoints for every litre of fuel purchased |
OCBC Plus! Visa Credit Card | |||
OCBC VOYAGE Card | All types | 19% | N/A |
OCBC Premier Visa Infinite Credit Card |
Terms & Conditions:
- Valid till 30 June 2021
- $7 cash rebate will be credited by the bank with a minimum spend of $300 Caltex fuel purchase in each calendar month
HSBC Caltex Credit Card Discounts
HSBC Cards | Payment Type | Fuel Type | Upfront Discount | Cash Rebate |
---|---|---|---|---|
HSBC Premier MasterCard Credit Card & HSBC Visa Platinum Credit Card | CaltexGO Payment | All types | 16% | Up to 5% |
Indoor Payment | Platinum 98 | 16% | Up to 5% | |
Regular 92 | 14% | |||
Premium 95 | ||||
Diesel | ||||
Outdoor Payment | Regular 92 | 14% | N/A | |
Premium 95 | ||||
Platinum 98 | ||||
Diesel | ||||
For other HSBC Credit or Debit Cards | CaltexGO Payment | All types | 16% | N/A |
Indoor Payment | Platinum 98 | 16% | N/A | |
Regular 92 | 14% | |||
Premium 95 | ||||
Diesel | ||||
Outdoor Payment | Regular 92 | 14% | N/A | |
Premium 95 | ||||
Platinum 98 | ||||
Diesel |
Terms & Conditions:
- Valid till 30 June 2021
- In order to be eligible for the HSBC Card Rebates of 5%, HSBC Premier Mastercard Cardholders will need to charge a minimum of S$600 per calendar month
- In order to be eligible for the HSBC Card Rebates of 5%, HSBC VISA Platinum Cardholders will need to charge a minimum of S$600 every month in a calendar quarter
Standard Chartered Caltex Credit Card Discounts
Standard Chartered Cards | Fuel Type | Upfront Discount | Rebates |
---|---|---|---|
For all Standard Chartered Credit or Debit Cards with CaltexGO app | All types | 16% | 5% |
For all Standard Chartered Credit or Debit Cards | Platinum 98 | 16% | 5% |
For all Standard Chartered Credit or Debit Cards | Regular 92 | 14% | 5% |
Premium 95 | |||
Diesel |
Terms & Conditions:
- To be eligible for the 5% rebate, Standard Chartered Credit Cardholders must successfully charge a minimum of $600 within the same calendar month on total eligible retail spends.
AA and SAFRA Caltex Discounts
Partner Cards | Fuel Type | Upfront Discount |
---|---|---|
Automobile Association of Singapore (AA) Membership Card & SAFRA Card | Regular 92 | 14% |
Premium 95 | ||
Caltex Diesel | ||
Platinum 98 | 16% |
Terms & Conditions:
- Valid till 30 June 2021 for AA, Valid till 31 Dec 2021 for SAFRA
In addition, receive $36 worth of fuel vouchers (six pieces of $6 off $60 Caltex fuel voucher) when you sign up or renew your SAFRA Membership online or at any SAFRA Club.
Terms & Conditions:
- Valid till 31 December 2021
GrabPay Caltex Petrol Discounts
Grabpay x CaltexGO App
- Get 16% off fuel when you pay by GrabPay on the CaltexGO App
- Valid till 30 June 2021
Grabpay Card x CaltexGO App
- Instant 18% fuel discount on Caltex fuel transactions made via the CaltexGO App or indoor payment using a GrabPay Card.
- Valid till 30 June 2021
GrabHitch x Caltex
- Hitch Club members get to enjoy up to 20% upfront discount on all fuel types
- Get extra savings when payment is made with partner credit cards, including Plus! cards
GrabHitch Hitch Club Member Level | Discount |
---|---|
Rookie | 14% |
Go-Getter | 14% |
Pro | 18% |
Champ | 20% |
Terms & Conditions:
- Valid till 30 June 2021
Best Esso Petrol Credit Card Discounts
Citibank Esso Credit Card Discounts
Citibank Cards | Esso Station Discount | Esso Smiles Card Discount | Citi Card Discount | Citi Cash back | Total Savings |
---|---|---|---|---|---|
Citi Cash Back Card | 5% | 5% | 4% | 8% | 20.88% |
For other Citi Credit Cards | 5% | 5% | 4% | NA | 14% |
Terms & Conditions:
- To enjoy the 5% Esso Smiles Card discount, payment at Esso stations must be made together with a Smiles Card
- 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 S$888 per statement month
DBS Esso Credit Card Discounts
DBS Cards | Upfront Discount | Additional Fuel Savings | Smiles Savings |
---|---|---|---|
DBS Esso Card | 18% | 3.2% | Up to 2.4% |
Terms & Conditions:
- 18% instant fuel discount is not applicable for Mobile Wallet payments such as Apple Pay, Samsung Pay, and Google Pay.
- To qualify for Additional Fuel Savings, cardmembers must spend a minimum of S$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 | Esso Smiles Card Discount | Esso Station Site Discount | OCBC Card Discount | OCBC Rebate |
---|---|---|---|---|
OCBC NTUC Plus! Visa Credit Card or Debit Card | 5% | 5% | 6% | 4.3% |
OCBC Plus! Visa Credit Card or Debit Card | ||||
OCBC 365 Credit Card | 5% | 5% | 4.2% | |
For other OCBC Credit or Debit Cards | 5% | 5% | 4% | N/A |
Terms & Conditions:
- To qualify for the OCBC rebate, NTUC/OCBC Plus! Visa Cardholders and OCBC 365 Credit Cardholders will have to spend a minimum of S$300 nett and S$800 nett per month respectively.
- Smiles points equivalent to 2.4% fuel savings will be awarded when 250 litres of Synergy fuel are purchased within a calendar month using the same Smiles card
Best SPC Petrol Credit Card Discounts
DBS/POSB SPC Credit Card Discounts
DBS/POSB Cards | SPC&U Members Discount | Non-SPC&U Members Discount | DBS/POSB Card Discount | Card Rebate |
---|---|---|---|---|
POSB Everyday Card | 10% | 5% | 5% | 6% |
For other DBS/POSB Credit or Debit Cards | 10% | 5% | 5% | N/A |
Terms & Conditions:
- Valid till 31 March 2021
- 5% discount is applicable when you charge your petrol purchase at any SPC service station to your POSB Everyday Card.
- 6% rebate is applicable on the final charge amount, after any other applicable discounts
UOB SPC Credit Card Discounts
UOB Cards | SPC&U Members Discount | Non-SPC&U Members Discount | UOB Card Discount (UOB Visa/ MasterCard/ UnionPay Card) | Additional Petrol Savings |
---|---|---|---|---|
All UOB Credit/ Debit Cards | 10% | 5% | 5% | N/A |
Terms & Conditions:
- Valid till 31 March 2021
- 5% discount is applicable when you charge your petrol purchase to UOB UOB Visa/ MasterCard/ American Express® / UnionPay Platinum Card
- For every S$60 gross purchase (or S$51 nett after all station discounts and/or coupons deducted from the gross amount) charged to your UOB Visa/MasterCard/UnionPay Card only, there will be S$3 discount off the total purchases, which will allow the card member to save up to 5% discount.
American Express SPC Credit Card Discounts
American Express (AMEX) Cards | SPC&U Members Discount | Non-SPC&U Members Discount | American Express Card Savings | American Express Card Rebate |
---|---|---|---|---|
Registered American Express Card | 10% | 5% | 5% | 7.1% |
Non-Registered American Express Card | 10% | 5% | 5% | N/A |
Terms & Conditions:
- 7.1% statement credit promotion is limited to the first 70,000 registered cards, up to S$150 statement credit, and valid till 31 Dec 2021
- 5% savings is applicable when you charge your petrol purchase at any SPC service station to your American Express Card and valid till 31 Mar 2021
- Excluding American Express Corporate Cards and American Express Cards issued by Citibank Singapore Limited, DBS Bank Ltd and United Overseas Bank Limited
Best Sinopec Petrol Credit Card Discounts
HomeTeamNS Membership Card
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.
- Valid till 31 December 2021.
- 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.
Yishun Sinopec
You can get 23% instant savings off your fuel purchase (any fuel type) at Yishun station.
- Valid till 31 December 2021.
- 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 | Bukit Timah Service Station | Yishun Service Station | ||
---|---|---|---|---|
Instant Fuel Discount | OCBC Cashback | Instant Fuel Discount | OCBC Cashback | |
OCBC 365 Credit Card | 23% | 5% | 20% | 5% |
For other OCBC Credit or Debit Cards | 23% | N/A | 20% | N/A |
Terms & Conditions:
- Additional 5% rebate on nett fuel spend after discount provided the cardmember spends at least S$800 in total on an OCBC 365 Credit Card in a month
