I got a very sweet and delighting news from PetrolWatch's Twitter updates earlier today, petrol prices in Singapore is going down again. And for this time round, the prices are being adjusted down by 10 cents. This would be the fifth time petrol stations in Singapore has adjusted down the prices after the first reduction of petrol prices early this month.
This reduction of the petrol prices in Singapore is due to further reduction of the global crude oil price to a near 7-week low, which is now around US$123.26 per barrel.
This is really a great news for us. Let's just hope that the price will continue to slide down, not only for a greater relief to motorists, but also to further slow down the inflation rate and the rise of prices of goods and services in Singapore.