Local pump prices have continued their steep upward climb in recent days in the wake of the Russo-Ukrainian war. 95-octane petrol crossed the S$3 per litre mark in March, hitting its peak of S$3.23 per litre on 10 March, with prices having risen by as much as 17% compared to a month ago.
Given that Russia is the world’s third-largest producer of oil in the world, accounting for about 10% of global production, the upward trend and volatility in petrol prices will likely continue in the coming months.
1. Current Fuel Prices in Singapore (2022)
Table 1: Fuel prices, taken from FuelKaki as of 24 Mar 2022, 11AM
Petrol prices have thankfully dipped slightly, with the popular 95-octane petrol hovering just above S$3 per litre.
Petrol prices remain similar across the different petrol stations, with Shell having slightly higher prices for most petrol types.
2. Comparison of Petrol Discounts Available (2022)
Table 2: Comparison of petrol discounts, taken from FuelKaki as of 24 Mar 2022, 11AM
The credit card discounts used in the calculation above are the maximum ongoing petrol discounts obtainable as of 24 March. Using Grade-95 petrol as a gauge, we can see that Caltex offers one of the lowest petrol prices after taking into account the 29+2% fuel discount offered by GrabRentals! Furthermore, you may also potentially enjoy further cashback from credit cards, on top of the 29+2% discount offered by GrabRentals.
Be sure to take advantage of GrabRentals’ ongoing fuel discounts to save more on petrol fees.
*GrabRentals offers 2 types of fuel discounts for our hirers. Please refer to the image below.
- All GrabRentals hirer-partners are entitled to a 29% upfront fuel discount.
- GrabRentals hirer-partners who have opted-in for GRBeyond, will also enjoy a 29% upfront fuel discount, and an additional 2% in rebates. GRBeyond provides a wide range of perks such as up to 6 days of MC rental recovery, Fullerton healthcare coverage and more!
For more information on how to start using your GrabRentals Caltex discount, click the button below to find out more:
If you’re new to GrabRentals, you can also opt-in to our latest Bundle&Save plan (saving up to 25%) , which provides you with CDW, VDP & GRBeyond coverage all-in-one!
3. Alternatives to Petrol Cars
Want to save more on petrol fees? You may consider switching to hybrid cars, which are more fuel-efficient, due to the combination of an internal combustion engine with an electric motor. Popular GrabRentals hybrid cars include Honda Vezel, Toyota Prius, Toyota Prius Plus, and Toyota Sienta.
You may also consider Electric Vehicles (EV)s, which can be more cost-effective in the long run. The Hyundai Kona is a popular EV model which you can rent from GrabRentals. Do also make sure to take EV charging locations and charging time into consideration, ensuring that there’s an EV charging station that is easily accessible to you.
For more information on which car model best suits your needs, do check out our article “Should I drive a Petrol, Hybrid or Electric car for Grab”
Book your car with us now!
Rent your car from GrabRentals now! We’re the largest private-hire car rental fleet in Singapore. Whether you are interested in petrol, hybrid or electric cars, we have a wide-ranging vehicle fleet available for you.
For new hirer-partners, you may visit our website here to book your car online. Existing hirer-partners may recontract online here. If you would like to find out more or speak to our customer helpdesk, you can also book an appointment at Grab@Tampines or chat with us on our Facebook page.
*All pricing stated are inclusive of prevailing GST.
