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030622 Petrol Prices Singapore 6 June 2022

Latest Petrol Price Singapore (May 2022): Latest Update & Promotion for Shell, Esso, Caltex, SPC & Sinopec

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. 

Why is Petrol Price Increasing in Singapore

Unfortunately, the petrol price situation has not improved in 2022 as petrol prices have been soaring largely due to Putin’s Russia invading Ukraine and the U.S. UK ban on Russian oil imports.

On Thursday (10 March 2022), Singapore’s Second Trade and Industry Minister, Dr Tan See Leng, said that the Government (via CNA) is closely monitoring the situation.

In response to a query from Member of Parliament (MP) Lim Wee Kiak (PAP-Sembawang) about what the Government is doing to stop profiteering, Second Minister for Trade and Industry Tan See Leng said that:

The Government will continue to monitor price movements in the retail petrol industry… Dr Tan said the overall increase in petrol and diesel prices reflects the rise in the price of crude oil over the past months.
While pump prices are set by the market, the Competition and Consumer Commission of Singapore (CCCS) keeps a close watch to ensure an open and competitive market.
If there is evidence of anti-competitive behaviour, such as coordinated price increases, CCCS will investigate and take firm enforcement action. Dr Tan said well-informed consumers are also a key deterrent against unreasonable pricing.

Cheapest Petrol in Singapore: What is the Cost of 1 Litre of Petrol in Singapore?

From 5 January to 3 June 2022, one litre of 95-Octane petrol* from Sinopec increased by a staggering ~22.40%, from S$2.58 per litre to $3.26 per litre.

*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

And as you can see from the graph above, all the other petrol retailers have steadily increased their petrol prices too.

If you’re still driving a car, this price comparison and credit card discounts might come in handy in saving some dollars!

Best Credit Cards to Use to Pay for Your Petrol!


TL;DR: Latest Petrol Prices Singapore (May 2022)

Petrol Service StationCALTEX
Price as of 20/5
CALTEX
Price as of 3/6
ESSO
Price as of 20/5
ESSO
Price as of 3/6
SHELL
Price as of 20/5
SHELL
Price as of 3/6
SINOPEC
Price as of 20/5
SINOPEC
Price as of 3/6
SPC
Price as of 20/5
SPC
Price as of 3/6
Diesel/LitreS$3‬‬‬.‬‬‬0‬‬‬5 (+4.91%)
S$3‬‬‬‬‬‬.‬‬‬‬‬‬0‬‬‬‬‬‬8S$3‬.‬0‬1 (+1.66%)S$3‬‬‬‬.‬‬‬‬0‬‬‬‬6S$3‬‬‬.‬‬‬0‬‬‬3 (+1.65%)S$3‬.‬0‬8S$3‬‬‬.‬‬‬0‬‬‬0 (N.A.)S$3‬‬‬.‬‬‬0‬‬‬0S$3‬‬‬.‬‬‬0‬‬‬0 (+2.00%)S$3‬‬‬.‬‬‬0‬‬‬6
92-Octane/LitreS$3‬‬‬‬‬‬.‬‬‬‬‬‬2‬‬‬‬‬‬0 (+2.50%)S$3‬‬‬.‬‬‬2‬‬‬8S$3‬.‬1‬9 (+2.19%)S$3‬‬‬‬.‬‬‬‬2‬‬‬‬6N.A.N.A.S$3‬‬‬.‬‬‬1‬‬‬3 (+4.15%)S$3‬‬‬‬‬‬.‬‬‬‬‬‬2‬‬‬‬‬‬6
95-Octane/LitreS$3‬‬‬.‬‬‬2‬‬‬5 (+2.46%)
S$3‬‬‬‬‬‬.‬‬‬‬‬‬3‬‬‬‬‬‬3S$3‬‬‬‬.‬‬‬‬2‬‬‬‬3 (+2.47%)S$3‬‬‬‬‬‬.‬‬‬‬‬‬3‬‬‬‬‬‬1S$3‬‬‬‬‬‬.‬‬‬‬‬‬2‬‬‬‬‬‬5 (+2.46%)S$3‬‬‬‬.‬‬‬‬3‬‬‬‬3S$3‬‬‬.‬‬‬1‬‬‬7 (+2.83%)S$3‬‬‬.‬‬‬2‬‬‬6S$3‬.‬1‬6 (+4.43%)S$3‬‬‬‬.‬‬‬‬3‬‬‬‬0
98-Octane/LitreN.A.S$3‬‬‬‬.‬‬‬‬7‬‬‬‬0 (+2.16%)
Synergy Supreme+
S$3‬‬‬‬‬‬.‬‬‬‬‬‬7‬‬‬‬‬‬8
Synergy Supreme+
S$3‬‬‬.‬‬‬7‬‬‬4 (+2.13%)S$3‬.‬8‬2S$3‬‬‬‬.‬‬‬‬6‬‬‬‬4 (+2.47%)
S$3‬‬‬‬.‬‬‬‬7‬‬‬‬3S$3‬‬‬‬‬‬.‬‬‬‬‬‬6‬‬‬‬‬‬4 (+3.84%)S$3‬‬‬‬‬‬.‬‬‬‬‬‬7‬‬‬‬‬‬8
Top Grade/LitreS$3‬‬‬.‬‬‬9‬‬‬1 (+2.04%)
Platinum 98
S$3‬.‬9‬9
Platinum 98
N.A.S$3‬.‬9‬6 (+2.02%)
V-Power
S$4‬‬‬.‬‬‬0‬‬‬4
V-Power
S$3‬‬‬.‬‬‬7‬‬‬7 (+2.38%)
SINO X Power
S$3‬‬‬.‬‬‬8‬‬‬6
SINO X Power
N.A.
Price As of1‬‬‬‬‬‬7‬‬‬‬‬‬ ‬‬‬‬‬‬M‬‬‬‬‬‬a‬‬‬‬‬‬y‬‬‬‬‬‬ ‬‬‬‬‬‬2‬‬‬‬‬‬0‬‬‬‬‬‬2‬‬‬‬‬‬2‬‬‬‬‬‬,‬‬‬‬‬‬ ‬‬‬‬‬‬0‬‬‬‬‬‬1‬‬‬‬‬‬:‬‬‬‬‬‬0‬‬‬‬‬‬4‬‬‬‬‬‬p‬‬‬‬‬‬m‬‬‬3‬‬‬ ‬‬‬J‬‬‬u‬‬‬n‬‬‬e‬‬‬ ‬‬‬2‬‬‬0‬‬‬2‬‬‬2‬‬‬,‬‬‬ ‬‬‬1‬‬‬1‬‬‬:‬‬‬4‬‬‬9‬‬‬a‬‬‬m1‬‬‬‬8‬‬‬‬ ‬‬‬‬M‬‬‬‬a‬‬‬‬y‬‬‬‬ ‬‬‬‬2‬‬‬‬0‬‬‬‬2‬‬‬‬2‬‬‬‬,‬‬‬‬ ‬‬‬‬0‬‬‬‬5‬‬‬‬:‬‬‬‬0‬‬‬‬1‬‬‬‬p‬‬‬‬m‬‬‬2‬‬‬ ‬‬‬J‬‬‬u‬‬‬n‬‬‬e‬‬‬ ‬‬‬2‬‬‬0‬‬‬2‬‬‬2‬‬‬,‬‬‬ ‬‬‬0‬‬‬5‬‬‬:‬‬‬0‬‬‬8‬‬‬p‬‬‬m1‬‬‬‬8‬‬‬‬ ‬‬‬‬M‬‬‬‬a‬‬‬‬y‬‬‬‬ ‬‬‬‬2‬‬‬‬0‬‬‬‬2‬‬‬‬2‬‬‬‬,‬‬‬‬ ‬‬‬‬1‬‬‬‬2‬‬‬‬:‬‬‬‬4‬‬‬‬2‬‬‬‬p‬‬‬‬m1‬‬‬‬ ‬‬‬‬J‬‬‬‬u‬‬‬‬n‬‬‬‬e‬‬‬‬ ‬‬‬‬2‬‬‬‬0‬‬‬‬2‬‬‬‬2‬‬‬‬,‬‬‬‬ ‬‬‬‬1‬‬‬‬1‬‬‬‬:‬‬‬‬4‬‬‬‬7‬‬‬‬a‬‬‬‬m1‬‬‬‬8‬‬‬‬ ‬‬‬‬M‬‬‬‬a‬‬‬‬y‬‬‬‬ ‬‬‬‬2‬‬‬‬0‬‬‬‬2‬‬‬‬2‬‬‬‬,‬‬‬‬ ‬‬‬‬1‬‬‬‬0‬‬‬‬:‬‬‬‬0‬‬‬‬2‬‬‬‬a‬‬‬‬m3‬‬‬0‬‬‬ ‬‬‬M‬‬‬a‬‬‬y‬‬‬ ‬‬‬2‬‬‬0‬‬‬2‬‬‬2‬‬‬,‬‬‬ ‬‬‬0‬‬‬5‬‬‬:‬‬‬1‬‬‬8‬‬‬p‬‬‬m1‬‬‬8‬‬‬ ‬‬‬M‬‬‬a‬‬‬y‬‬‬ ‬‬‬2‬‬‬0‬‬‬2‬‬‬2‬‬‬,‬‬‬ ‬‬‬0‬‬‬3‬‬‬:‬‬‬4‬‬‬3‬‬‬p‬‬‬m‬‬‬‬‬‬2‬‬‬‬‬‬ ‬‬‬‬‬‬J‬‬‬‬‬‬u‬‬‬‬‬‬n‬‬‬‬‬‬e‬‬‬‬‬‬ ‬‬‬‬‬‬2‬‬‬‬‬‬0‬‬‬‬‬‬2‬‬‬‬‬‬2‬‬‬‬‬‬,‬‬‬‬‬‬ ‬‬‬‬‬‬0‬‬‬‬‬‬9‬‬‬‬‬‬:‬‬‬‬‬‬5‬‬‬‬‬‬4‬‬‬‬‬‬p‬‬‬‬‬‬m
Credit Card + Other PromotionsHSBC, OCBC, Standard Chartered
+
Automobile Association, NTUC Plus!, SAFRA
Citi, DBS, OCBC
+
NTUC Plus!
Citi, HSBC, UOBOCBC
+
Home TeamNS
AMEX, DBS/POSB, UOB

Source: Fuel Kaki

What is the Current Petrol Price in Singapore, and What is the Diesel price in Singapore Today?

Also here is an infographic if you prefer something with a bit more colour:

Petrol Promotion Singapore Guide

Petrol RetailerCaltexEssoShellSinopecSPC
GradeOCBC 365DBS EssoCitibank Cash BackOCBC 365UOB One
DieselS$2.40S$2.41S$2.43S$2.23S$2.17
92-OctaneS$2.56S$2.57N.A.N.A.S$2.48
95-OctaneS$2.59S$2.61S$2.63S$2.43S$2.51
98-OctaneN.A.S$2.98S$3.01S$2.79S$2.87
PremiumS$3.11N.A.S$3.19S$2.87N.A.

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

Note on Fuel Kaki and Motorist

Note that information is accurate as of 20 May 2022 and is sourced from Fuel Kaki, 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 the Latest Petrol Price Today? How Petrol Prices Are Determined in Singapore

1. Singapore Petrol Tax: Can I 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.


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!


Caltex Petrol Price + Best Caltex Petrol Credit Card Discounts and Other Discounts

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

  • Diesel: S$3‬‬‬‬‬‬.‬‬‬‬‬‬0‬‬‬‬‬‬8
  • 92-Octane: S$3‬.‬2‬8
  • 95-Octane: S$3‬.‬3‬3
  • 98-Octane: N.A.
  • Premium (Platinum 98): S$3‬‬‬‬‬‬.‬‬‬‬‬‬9‬‬‬‬‬‬9

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

HSBC Caltex Credit Card Discounts

HSBC CardsPayment TypeFuel TypeUpfront DiscountAdditional Cash Rebate
All HSBC Credit or Debit CardsCaltexGO App PaymentAll grades of petrol & diesel16%N.A.
Indoor Payment & Outdoor PaymentPlatinum 9816%N.A.
All other grades of petrol & diesel:
-Regular 92
-Premium 95
-Caltex Diesel
14%
HSBC Premier MasterCard Credit Card
&
HSBC Visa Platinum Credit Card
CaltexGO App PaymentAll grades of petrol & diesel17%Up to 5%
All payment optionsAll grades of petrol & diesel17%Up to 5%

Promotions Terms and Conditions:

  • All promotions are valid till 30 June 2022
  • *To be eligible for the HSBC Card Rebates of 5%, HSBC Premier Mastercard Cardholders will need to charge a minimum of S$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 S$600 (including but not limited to purchases at Caltex service stations) to their Participating Card account every month in a calendar quarter.

OCBC Caltex Credit Card Discounts

Promotions Terms and Conditions:

  • All promotions are valid till 30 June 2022
  • With a minimum of S$800 total spend charged to OCBC 365 Credit Card in a calendar month. For full terms & conditions of OCBC 365 Credit Card
  • *0.2% LinkPoints rebate will be credited by OCBC Bank based on nett fuel purchases for every S$1 charged to his NTUC/OCBC Plus! Visa card. Other terms and conditions apply
  • Terms and conditions for LinkPoints issuance at Caltex apply
  • Terms and conditions for the OCBC New to CaltexGO 25% fuel discount offer apply.

Standard Chartered Caltex Credit Card Discounts

Standard Chartered CardsFuel TypeUpfront DiscountAdditional Rebates
For all Standard Chartered Credit or Debit Cards with CaltexGO appAll grades of petrol & diesel16%N.A.
For all Standard Chartered Credit or Debit CardsPlatinum 9816%5%
For all Standard Chartered Credit or Debit CardsAll other grades of petrol & diesel:
-Regular 92
-Premium 95
-Caltex Diesel
14%5%
Standard Chartered Visa Infinite CardAll grades of petrol & diesel17%$3 instant rebate with minimum spend of $80
Standard Chartered Unlimited CardAll grades of petrol & diesel17%$3 instant rebate with minimum spend of $80

Promotion Terms & Conditions:

  • All promotions are valid till 30 June 2022
  • 20.11% fuel savings with Standard Chartered Visa Infinite Credit Cards is derived from $3 instant rebate and is based on the nett amount after applying the 17% upfront discount on Techron® fuels, based on $80 gross spend
  • 21.3% fuel savings with Standard Chartered Unlimited Credit Cards is derived from $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 Unlimited and Visa Infinite Credit Cardholders (“Eligible Cards”) must spend a minimum of S$80 gross fuel spend for each transaction via Indoor or CaltexGO payment. Eligible Cards or appliable program discounts shall be applied after deduction of the $3 instant rebate
  • 17% instant discount Promotion applies to standard Valid Users with Caltex fuel payment of any amount made with any Standard Chartered Unlimited or Visa Infinite credit cards on the App during the Promotion Period
  • 16% instant discount Promotion applies to standard Valid Users with Caltex fuel payment of any amount made with any other Standard Chartered credit/debit cards on the App during the Promotion Period
  • Standard Chartered and Caltex 2021 Promotion Terms and Conditions apply. 

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.

On top of the other Caltex promotions.

Caltex Riders Promotion

Motorbike riders get to enjoy 15% off (min. $10 petrol purchase) by simply showing the cashier their motorbike and presenting their NTUC Plus! Card during payment.

In addition, NTUC Plus! members get to enjoy more savings as they will earn LinkPoints from fuel purchases.

These LinkPoints can be used to offset your future purchases, as well as at Plus! Partners’ stores or online reward redemption. Note that 150 LinkPoints = ~S$1.

Caltex SAFRA Card Promotion

Also, Singapore Armed Forces Reservist Association (SAFRA) members will enjoy the following discounts when they present their SAFRA Card:

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

Esso Petrol Price + Best Esso Petrol Credit Card Discounts

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

  • Diesel: S$3‬.‬0‬6
  • 92-Octane: S$3‬‬‬‬‬‬.‬‬‬‬‬‬2‬‬‬‬‬‬6
  • 95-Octane: S$3‬‬‬‬.‬‬‬‬3‬‬‬‬1
  • 98-Octane: S$3‬‬‬.‬‬‬7‬‬‬8
  • Premium: N.A.

Citibank Esso Credit Card Discounts

Citibank CardsEsso Station DiscountEsso Smiles Card DiscountCiti Card DiscountCiti Cash backTotal Savings
Citi Cash Back Card5%5%4%8%20.88%
For other Citi Credit Cards5%5%4%NA14%

Promotion Terms & Conditions:

  • Promotion is valid until further notice
  • 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$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 CardsUpfront DiscountAdditional Fuel SavingsSmiles SavingsAdditional S$7 Fuel Savings
DBS Esso Card18%3.2% Up to 2.4%S$7 fuel savings with min. S$180 nett fuel spend at Esso per calendar month from:
1 January to 30 April 2022

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.
  • 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 CardsUpfront DiscountAdditional Rebates After DiscountLinkPoints RebateEsso Smile PointsTotal Savings
Other OCBC Credit or Debit Cards14%N.A.Up to 2.3% Smiles Savings14%
OCBC NTUC Plus! Visa Credit Card or Debit Card16%5%
(min. S$300 nett spend at Esso in a month; S$15 Rebate will be awarded)
0.2%20.3%
OCBC Plus! Visa Credit Card or Debit Card
OCBC 365 Credit Card16%5%
(min. S$800 total spend in a month)
N.A.20.2%

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, and
    3. OCBC related discount of (a) 6% discount for NTUC/OCBC Plus! Visa Credit/Debit Cards and OCBC 365 Credit Card OR (b) 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.

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: S$3‬‬‬‬‬‬.‬‬‬‬‬‬0‬‬‬‬‬‬8
  • 92-Octane: N.A.
  • 95-Octane: S$3‬‬‬.‬‬‬3‬‬‬3
  • 98-Octane: S$3‬‬‬.‬‬‬8‬‬‬2
  • Premium (Shell V-Power): S$4‬‬‬‬.‬‬‬‬0‬‬‬‬4

Citibank Shell Credit Card Discounts

Citibank CardsShell Site DiscountShell Escape Discount Citi Card Discount Citi Cash Back Card Cash Back (applies after Shell and Citi discount)Total Savings
Citi Cash Back Card5%5%4%8%Up to 20.88%
For other Citi Credit Cards5%5%4%N.A.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 S$800 per statement month required

HSBC Shell Credit Card Discounts

HSBC CardsFuel TypesUpfront DiscountCash RebateTotal Savings
HSBC Premier Mastercard® Credit CardShell V-Power & Shell FuelSave 98 only17%5%Up to 21.5%
Shell FuelSave 95 & Shell FuelSave Diesel only14%5%Up to 18.3%
HSBC Visa Platinum Credit CardAll types of petrol & diesel14%Up to 5%Up to 18.3%
For other HSBC Credit CardsAll types of petrol & diesel14%-Up to 14%
  • Promotions are valid till 31 December 2022
  • 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 Points

If you charge S$2,400 (including S$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 S$2,400480
(every S$5 spend = 1 Shell Escape point)
Shell spend of S$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. S$20 worth of Shell fuels!)

UOB Shell Credit Card Discounts

UOB CardsUpfront DiscountCash RebateTotal Savings
UOB One Credit Card17%5%Up to 21.15%
UOB Reserve Card17%N.A.Up to 17%
Other UOB Credit Cards14%N.A.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 14% discount for other UOB Cards is calculated based on 5% upfront Shell station discount, 5% upfront Shell Escape discount, 4% upfront discount for other UOB Cards.
  • For the UOB One card, enjoy up to a 5% cash rebate based on a spend of S$2,000 monthly for each qualifying quarter with min. 5 purchases monthly to earn the quarterly cash rebate of S$300. 

Sinopec Petrol Price + Best Sinopec Petrol Credit Card Discounts

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

  • Diesel: S$3‬.‬0‬0
  • 92-Octane: N.A.
  • 95-Octane: S$3‬.‬2‬6
  • 98-Octane: S$3‬‬‬.‬‬‬7‬‬‬3
  • Premium (Sino X Power): S$3‬‬‬‬‬‬.‬‬‬‬‬‬7‬‬‬‬86

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 2022.
  • 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 2022.
  • 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 CardsBukit Timah Service StationYishun and Woodlands Service Station
Instant Fuel DiscountOCBC CashbackX Card member SavingsInstant Fuel DiscountOCBC CashbackX Card member Savings
OCBC 365 Credit Card23%5%
(min. S$800 total spend in a month)
Up to 1.65%20%5%
(min. S$800 total spend in a month)
Up to 1.65%
For other OCBC Credit or Debit Cards23%N.A.Up to 1.65%20%N/AUp to 1.65%

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 26.8% and 24% fuel savings for OCBC 365 Credit Card at Sinopec comprises of the following:
    • 23% and 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 S$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 S$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 S$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 SPC petrol prices (per litre):

  • Diesel: S$3‬‬‬‬.‬‬‬‬0‬‬‬‬6
  • 92-Octane: S$3‬.‬2‬6
  • 95-Octane: S$3‬‬‬.‬‬‬3‬‬‬0
  • 98-Octane: S$3‬‬‬.‬‬‬7‬‬‬8
  • Premium: N.A.

DBS/POSB SPC Credit Card Discounts

DBS/POSB CardsSPC&U Members DiscountNon-SPC&U Members DiscountDBS/POSB Card DiscountCard RebateTotal Discount
POSB Everyday Card10%5%5%Tier 1: 6%

Tier 2: Additional 2%
20.1% + 2%
Other DBS/POSB Credit or Debit Cards10%5%5%N.A.15%

Promotion Terms & Conditions:

  • Promotions are valid till 31 June 2022
  • 5% discount when charged to any DBS/POSB Credit or Debit Card (with the exception of DBS Esso MasterCard Cards) plus 10% discount with SPC&U Card. Non-SPC&U members will receive a 5% discount
    The discounts mentioned above are only applicable for petrol purchases
  • 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 S$800 qualified spend per calendar month. 

UOB SPC Credit Card Discounts

UOB CardsSPC&U Members DiscountNon-SPC&U Members DiscountUOB Card Discount
(UOB
Visa/ MasterCard/ UnionPay Card)
Additional Petrol SavingsTotal
UOB One Credit Card10%5%5%Up to 5% rebate on nett amount charged
with min. S$2,000 per statement
month per qualifying Quarter)
24%
All UOB Credit/ Debit Cards
10%5%5%N.A.20%

Terms & Conditions:

  • Promotions are valid till 31 June 2022
  • UOB One Card’s S$3 off is only applicable with every S$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. Non-SPC&U members are entitled to a 5% discount. 
  • Enjoy up to 5% cashback based on a retail spend of S$2,000 and min. five transactions per statement month for each qualifying quarter to earn the quarterly cashback of S$300.
    Enjoy up to 3.33% cashback based on a retail spend of S$1,000 or S$500 and min. five transactions per statement month for each qualifying quarter to earn the quarterly cashback of S$100 or S$50, respectively. N
    ote that exclusions apply
  • Note: No UNI$ will be issued for all transactions at SPC except for payment made with UOB issued American Express Credit Cards only.

American Express SPC Credit Card Discounts

American Express (AMEX) CardsSPC&U Members DiscountNon-SPC&U Members DiscountAmerican Express Card Savings American Express Card RebateTotal
Registered American Express Card10%5%5%7.1%
(7.1% savings via statement credit on the final charge amount, capped at S$120)
Up to 21%
Non-Registered American Express Card10%5%5%N/AUp to 15%

Promotion Terms & Conditions:

  • Promotions are valid till 31 December 2022
  • 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”)
    • For The American Express® True Cashback Card, the offer is limited to the first 5,000 eligible Cards which are successfully registered for the offer
    • For all other Cards, the offer is limited to the first 60,000 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 S$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.

What is the Petrol Price in Malaysia + 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 current exchange rate in Malaysia as of 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.

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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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