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Petrol Price Movement in Singapore

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13177

13177

Hypersonic
(edited)

Now at somerset area for the heart and soul exhibition, didn’t know that the comcentre torn down and rebuild siah?! This show i super long time no go to orchard liao. 😂

Even near the SPC petrol station surrounding also changes a lot.

Edited by 13177
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107fan

107fan

5th Gear
On 10/19/2025 at 5:42 PM, 13177 said:

Now at somerset area for the heart and soul exhibition, didn’t know that the comcentre torn down and rebuild siah?! This show i super long time no go to orchard liao. 😂

Even near the SPC petrol station surrounding also changes a lot.

Remembered the Comcentre/Singtel parking well.

The security guard will check your boot before entering the carpark. The basement carpark was like a maze...

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ER-3682

ER-3682

Supersonic
On 10/19/2025 at 5:42 PM, 13177 said:

Now at somerset area for the heart and soul exhibition, didn’t know that the comcentre torn down and rebuild siah?! This show i super long time no go to orchard liao. 😂

Even near the SPC petrol station surrounding also changes a lot.

You should visit Late Lee Kuan Yew's House Back Door,just on a Side Road Opposite Comcentre..

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13177

13177

Hypersonic
On 10/21/2025 at 6:47 AM, ER-3682 said:

You should visit Late Lee Kuan Yew's House Back Door,just on a Side Road Opposite Comcentre..

Went to see look see look liao, actually cannot see anything. I was at his front door. Don't know where the back door is? Lol.

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Heartlander

Heartlander

Turbocharged

This morning pumped $140 of SPC 95 fuel using 2 of $70 discount coupons, and was surprised when the cashier never return the coupons to me as expected. After I asked, she shared that the $70 discount coupons would not be returned to customers after 15-Oct. I was not aware and though it should have been better communicated somewhere haha.

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ER-3682

ER-3682

Supersonic
On 10/21/2025 at 10:45 AM, Heartlander said:

This morning pumped $140 of SPC 95 fuel using 2 of $70 discount coupons, and was surprised when the cashier never return the coupons to me as expected. After I asked, she shared that the $70 discount coupons would not be returned to customers after 15-Oct. I was not aware and though it should have been better communicated somewhere haha.

For 98 i have alot of Vouchers..

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BanCoe

BanCoe

Hypersonic
On 10/21/2025 at 11:40 AM, ER-3682 said:

For 98 i have alot of Vouchers..

Dont forget to use them up fast ...... expiring end of the month 

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107fan

107fan

5th Gear
On 10/21/2025 at 10:45 AM, Heartlander said:

This morning pumped $140 of SPC 95 fuel using 2 of $70 discount coupons, and was surprised when the cashier never return the coupons to me as expected. After I asked, she shared that the $70 discount coupons would not be returned to customers after 15-Oct. I was not aware and though it should have been better communicated somewhere haha.

Is this better than Sinopec 29% off?

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ER-3682

ER-3682

Supersonic
(edited)
On 10/21/2025 at 11:50 PM, 107fan said:

Is this better than Sinopec 29% off?

Not sure about 95 Petrol,but for 98 with Vouchers,Avg 33-34% before Credit Cars Discount...

Edited by ER-3682
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Heartlander

Heartlander

Turbocharged
On 10/21/2025 at 11:50 PM, 107fan said:

Is this better than Sinopec 29% off?

With 95 petrol, is abt 25% off. If with Everyday card is another 6% off i think. With Sinopec is 29% without any credit card discount. So SPC got very slight edge, but not for long as promotion going to be over on 31/Oct.

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ER-3682

ER-3682

Supersonic
On 10/22/2025 at 9:27 AM, Heartlander said:

With 95 petrol, is abt 25% off. If with Everyday card is another 6% off i think. With Sinopec is 29% without any credit card discount. So SPC got very slight edge, but not for long as promotion going to be over on 31/Oct.

Then you pump SPC 98,33 + 6 % Discount...very value for Money,like some 95 Price of some Brands.

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Atonchia

Atonchia

Supersonic
On 10/24/2025 at 2:28 PM, therock said:

Bye bye Esso 

gotta use up their points? 
https://www.straitstimes.com/business/companies-markets/chandra-asri-says-it-will-buy-exxons-esso-petrol-stations-in-singapore

 

On 10/24/2025 at 4:01 PM, 13177 said:

So need use up their points by year end?! Can i use the points to buy stuff from station supermart?

 

On 10/24/2025 at 6:33 PM, ER-3682 said:

Comfirmed they will Retrench Singaporean & bring in  Indonesian Workers in if MOM allowed.

So likely some from Downtown office will get retrenched too. 

"ExxonMobil on Oct 1 announced that it expects to cut its workforce in Singapore by 10 per cent to 15 per cent by the end of 2027 as part of global restructuring efforts, without giving an actual number. It has about 3,500 employees in Singapore, so the impending cuts could affect around 500 workers.

It also said on Oct 1 that it plans to move its Singapore office from downtown to the site of its Jurong plant by the end of 2027."

 

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Atonchia

Atonchia

Supersonic

In retrospect the sales of SPC to PetroChina seems like a good deal now, given Exxon Mobil sales seem cheaper in comparison. 

Both have retail, refining and similar business operations.

https://www.petrochina.com.cn/ptr/xwxx/201404/b5b2d5b3773c4fe49d06294928a0c366.shtml

24 May, 2009, Beijing －PetroChina Company Limited ("PetroChina", SEHK stock code 00857; NYSE symbol PTR; SSE stock code 601857) announced today that PetroChina, through its indirectly wholly owned subsidiary, PetroChina International (Singapore) Pte. Ltd. (which it holds via PetroChina International Company Ltd. (“PetroChina International”)), has entered into a conditional agreement with Keppel Oil and Gas Services Pte Ltd, a wholly owned subsidiary of Keppel Corporation Limited (“Keppel”), to acquire its entire shareholding in Singapore Petroleum Company Limited (“SPC”) representing approximately 45.51% of the total issued share capital of SPC (excluding treasury shares) for cash consideration of S$6.25 per share, equivalent to approximately S$1.47 billion (approximately US$1.02 billion) to be paid in full on completion.  If and when the acquisition is completed, subject to Chinese regulatory approvals, PetroChina International (Singapore) Pte. Ltd. intends to make a Mandatory General Offer for the remaining shares of SPC.

SPC is a regional energy company with interests in petroleum refining and marketing and in oil and gas exploration and production. SPC has a 50% interest in Singapore Refining Company Private Limited, one of the three major petroleum refiners in Singapore.  SPC also conducts terminalling and distribution and trading of crude and refined petroleum products. 

PetroChina said, “After PetroChina International (Singapore) Pte. Ltd. purchases the stake in SPC, SPC will become a new platform for the implementation of our international strategy and will provide a broader foundation and stable path for development.”

Discussing the rationale for Keppel’s sale of its shares in SPC, Mr. Choo Chiau Beng, CEO of Keppel remarked, “Over the last 10 years, Keppel has grown SPC, establishing it as a reliable supplier of quality energy products while diversifying its businesses upstream into exploration and production. This divestment of our stake in SPC would enable Keppel to seize opportunities that would enhance value creation for shareholders.”

PetroChina and Keppel also plan to explore opportunities in the offshore oil industry and in other areas of mutual benefit as such opportunities become available.

PetroChina is one of the largest oil and gas companies in the world.  PetroChina is engaged in a broad range of oil and natural gas activities including the exploration, development, production and marketing of crude oil and natural gas; refining, transportation, storage and marketing of crude oil and oil products; production and marketing of primary petrochemical products, derivative chemical products and other chemical products; and transportation of natural gas, crude oil and refined products.

PetroChina International (Singapore) Pte. Ltd. is an indirectly wholly owned subsidiary of PetroChina via PetroChina International Company Ltd. Its principal activities are trading in physical crude oil, refined oil products and petrochemicals, and investment in a storage facility. Its main markets include Indonesia, Vietnam, Singapore, South Korea and China.

Deutsche Bank is acting as Sole Financial Advisor and Drew & Napier is acting as Legal Advisor to PetroChina International (Singapore) Pte. Ltd. in connection with this transaction.

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