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Always wanted a diesel car? Good news for you then...

By Blogger on 22 Feb 2012

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Diesel cars have never been popular in Singapore, especially the bigger engines. But i'm pretty sure there's a lot of driving enthusiasts out there who would love to own a diesel car, if the tax wasn't so high. In most countries, diesel cars are actually quite popular due to the fact that diesel is cheaper than petrol.

Well, things are going to change around here, soon enough...

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As announced by the Minister for Finance, Mr. Tharman Shanmugaratnam, in his FY2012 Budget Statement, the special tax for Euro V compliant diesel cars will be revised with effect from 1st January 2013. Instead of the current rate of $1.25 per cubic centimetres (cc), the annual special tax for a Euro V compliant diesel car will be computed based on $0.40 per cubic centimetres (cc) of engine capacity, subject to a minimum annual payment of $400.

The revision to the special tax structure for Euro V compliant diesel cars is made in recognition of its improved emissions, relative to pre-Euro V diesel cars.

Motorists can choose to pay the special tax annually or 6-monthly, together with the road tax. The revised special tax for Euro V compliant diesel cars will result in nearly 70% savings to owners, as shown in the table below:

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According to LTA, the special tax for diesel taxis and Euro IV diesel cars will remain unchanged at $5,100 per annum and $1.25 per cubic centimetres (cc) respectively.

Click here to check out new diesel cars currently in Singapore.Diesel cars

singapore car news, local, lta and 7 more...

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  • 1
Ilmw Feb 22 2012 04:45 PM
Using my petrol car FC of abt 12km/l and SG industry standard of 20,000 km mileage per year, I will need 1666.667 litres of petrol for my 1,799cc car.

Shell 95 and diesel is $2.16 and $1.67 respectively, hence diff is $0.49/l. $0.49 x 1666.667 = $816. New special diesel tax is $0.40/cc/year. $0.40 x 1,799cc = $719.60. => in the same ball park as $816.

Summary: with the new diesel tax revision, diesel cars are now on a level playing field as petrol cars. (of cos I've no experience w/ diesel cars and i assume their FC, engine size, etc are similar to petrol cars).
Crazybugger Feb 22 2012 05:30 PM
diesel car usually more fuel efficient than petrol car and also have much more torque
you would definitely save on fuel costs
big question mark is whether the insurance will be much difference
Mustank Feb 22 2012 11:50 PM
That is if they dont slap the 40c duty on petrol.
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Mecontle Feb 23 2012 12:04 AM
u like diesel power just gt a van
Ilmw Feb 23 2012 11:28 AM
Diesel has more energy than petrol per unit quantity. Only in upside-down SG is petrol taxed more than diesel, for the reason "livelihood vehicles" mostly run on diesel. To compensate, diesel has a 'special tax'.
  • 1
 
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