Fuel Prices up for May 2018

 

APIA, SAMOA – 02 MAY 2018: The retail price of Petrol is up by 3 sene for May from $2.64 to $2.67 per litre. Diesel is also up by 4 sene from $2.64 to $2.68 per litre. However Kerosene prices decreased by 1 sene from $2.34 to $2.33 per litre.

A statement from government says the May prices reflect the March Singapore Prices ‘MOPS’  for Petrol and Diesel marginal increases were recorded whereas Kerosene decreased by US$1.0/bbl. Freight Costs increased by US$ 3.84 I mt and the Talā weakened by 0.6% against the US dollar.

The March Excise duty increased by 2 sene per litre on Petrol and Diesel and has been applied to the May prices.

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