Gasoline Prices in Singapore increased to 2.84 USD/Liter in June from 2.83 USD/Liter in May of 2025. This dataset provides the latest reported value for - Singapore Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Singapore: Diesel prices at the pump, in dollars per liter: The latest value from 2016 is 0.77 dollars, a decline from 1.16 dollars in 2014. In comparison, the world average is 0.87 dollars, based on data from 160 countries. Historically, the average for Singapore from 1991 to 2016 is 0.67 dollars. The minimum value, 0.28 dollars, was reached in 1991 while the maximum of 1.26 dollars was recorded in 2012.

The price of gasoline in Singapore increased between ************ to **************. It has grown from **** U.S. dollars per liter to reach **** U.S. dollars per liter from January to **************. The petroleum prices were not just affected by the rising cost of crude oil, but also by the global inflationary pressures and the hiked petrol duties in Singapore.

Singapore: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 1.25 dollars, a decline from 1.58 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Singapore from 1991 to 2016 is 1.06 dollars. The minimum value, 0.61 dollars, was reached in 1991 while the maximum of 1.68 dollars was recorded in 2012.

Singapore Retail Prices: Diesel (Per Litre) data was reported at 2.330 SGD/l in Dec 2024. This stayed constant from the previous number of 2.330 SGD/l for Nov 2024. Singapore Retail Prices: Diesel (Per Litre) data is updated monthly, averaging 1.530 SGD/l from Jan 2010 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 2.810 SGD/l in Jun 2022 and a record low of 0.940 SGD/l in Feb 2016. Singapore Retail Prices: Diesel (Per Litre) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.P002: Average Retail Prices: 2019=100. [COVID-19-IMPACT]

As of August 2024, the prices of Diesel reached an average of *** Singapore dollars across all companies. In Singapore, diesel is mostly used by goods vehicles and buses.

Singapore Retail Prices: P&C: Diesel data was reported at 1.550 SGD/l in Jun 2018. This records an increase from the previous number of 1.540 SGD/l for May 2018. Singapore Retail Prices: P&C: Diesel data is updated monthly, averaging 1.150 SGD/l from Jan 2000 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 1.860 SGD/l in Jul 2008 and a record low of 0.510 SGD/l in Jan 2000. Singapore Retail Prices: P&C: Diesel data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.P001: Average Retail Prices.

Natural gas fell to 3.25 USD/MMBtu on July 22, 2025, down 2.13% from the previous day. Over the past month, Natural gas's price has fallen 14.59%, but it is still 48.80% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on July of 2025.

Singapore Retail Prices: Petrol, 95 Octane (Per Litre) data was reported at 2.700 SGD/l in Dec 2024. This stayed constant from the previous number of 2.700 SGD/l for Nov 2024. Singapore Retail Prices: Petrol, 95 Octane (Per Litre) data is updated monthly, averaging 2.060 SGD/l from Jan 2010 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 3.160 SGD/l in Jun 2022 and a record low of 1.670 SGD/l in Jan 2015. Singapore Retail Prices: Petrol, 95 Octane (Per Litre) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.P002: Average Retail Prices: 2019=100. [COVID-19-IMPACT]

Get comprehensive insights into the Diesel market, with a focused analysis of the Diesel price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

SG: Pump Price for Gasoline: USD per Liter data was reported at 1.250 USD in 2016. This records a decrease from the previous number of 1.580 USD for 2014. SG: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.905 USD from Dec 1991 (Median) to 2016, with 12 observations. The data reached an all-time high of 1.680 USD in 2012 and a record low of 0.610 USD in 1991. SG: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of June. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

This dataset is about countries per year in Singapore. It has 64 rows. It features 4 columns: country, fossil fuel energy consumption, and fertility rate.

The Report Covers Bunker Fuel Companies in Singapore and it is segmented by Fuel Type (High Sulfur Fuel Oil (HSFO), Very Low Sulfur Fuel Oil (VLSFO), Marine Gas Oil (MGO), Liquefied Natural Gas (LNG), and Others (Methanol, LPG, Biodiesel), and Vessel Type (Containers, Tankers, General Cargo, Bulk Container, and Others).

This scatter chart displays fossil fuel energy consumption (% of total) against death rate (per 1,000 people) in Singapore. The data is about countries per year.

The Singaporean wood fuel market expanded to $3.5M in 2024, increasing by 3.3% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $3.9M. From 2023 to 2024, the growth of the market remained at a lower figure.

This scatter chart displays fossil fuel energy consumption (% of total) against birth rate (per 1,000 people) in Singapore. The data is about countries per year.

The Singaporean biodiesel market skyrocketed to $1.5B in 2024, picking up by 17% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $1.6B. From 2023 to 2024, the growth of the market remained at a lower figure.

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Bunker Fuel Market Size 2025-2029

The bunker fuel market size is forecast to increase by USD 33.8 billion, at a CAGR of 4.5% between 2024 and 2029.

The market is driven by several key factors, including the increasing naval expenditure and the growing LNG industry. Naval forces worldwide continue to expand their fleets, necessitating a significant demand for bunker fuel to power their operations. Furthermore, the transition towards cleaner energy sources in the maritime sector is gaining momentum, with the LNG industry experiencing robust growth. However, this market landscape is not without challenges. Fluctuations in oil and gas prices pose a significant threat to market stability, as bunker fuel is derived from these commodities. These price volatilities can impact the profitability of bunker fuel suppliers and consumers alike, necessitating effective risk management strategies. Additionally, the growing demand for LNG is leading to an increase in demand for bunker fuel as LNG carriers require large quantities of fuel for their operations. 
Companies seeking to capitalize on market opportunities must stay abreast of these trends and challenges, adapting their business models and operations accordingly. Navigating the complexities of the market requires a deep understanding of its underlying dynamics and the ability to respond swiftly to market shifts. Fleet management and optimization are crucial for minimizing fuel consumption and maximizing efficiency. The industry is exploring various solutions to reduce emissions, from fuel efficiency improvements to alternative fuels like liquefied natural gas (LNG) and biofuels.

What will be the Size of the Bunker Fuel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by a complex interplay of factors. Liquefied petroleum gas (LPG) is gaining traction as a cleaner alternative to heavy fuel oil (HFO), aligning with International Maritime Organization (IMO) regulations. Ship management companies are increasingly focusing on fuel optimization, incorporating advanced technologies to enhance engine performance and reduce emissions. Bunkering operations and infrastructure are adapting to accommodate various fuel types, including marine gasoil (MGO) and LPG. Freight rates and shipping economics are influenced by fuel costs and the ongoing shift towards cleaner fuels. Fuel delivery methods, from traditional bunkering vessels to new technologies like fuel cell trucks, are evolving to meet changing market demands. IMO regulations, such as Marpol Annex VI and Marpol Annex IV, are driving the maritime industry towards stricter emissions standards.

Fuel quality and handling are critical aspects of ensuring compliance, with fuel testing and optimization playing essential roles. Ship design and hull optimization are also key factors, as new technologies like hybrid propulsion, shaft generators, and carbon capture are gaining traction. Ballast water management and emissions reduction technologies are also becoming increasingly important, as the industry strives for sustainable shipping practices. The market is a dynamic and evolving landscape, with ongoing activities and unfolding patterns shaping its future. From fuel optimization and emissions reduction to the adoption of new technologies and alternative fuels, the market is poised for continuous change.

How is this Bunker Fuel Industry segmented?

The bunker fuel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  MGO
  HSFO
  VLSFO


Application

  Container
  Bulk carrier
  Oil tanker
  General cargo
  Chemical tanker


Distribution Channel

  IOC/NOC
  Large independent distributor
  Small independent distributor


Geography

  North America

    US


  Europe

    France
    Germany
    The Netherlands
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    Singapore


  Rest of World (ROW)

By Type Insights

The MGO segment is estimated to witness significant growth during the forecast period. Marine gas oil (MGO), a distillate fuel derived from crude oil through refining, is widely used in ships and marine vessels due to its lower sulfur content, ensuring compliance with stricter emissions regulations, particularly in Emission Control Areas (ECAs). MGO's cleaner properties, including lower viscosity and density compared to heavy fuel oils (HFO), facilitate easier handling and combustion. Environmental compliance is a significant factor driving the demand for MGO in the maritime industry. Fuel costs, a crucial component

The gasoline price in the Philippines continued to fluctuate in 2023 and the first quarter of 2025, reaching 56.34 Philippine pesos per liter in April 2025. The retail price of petrol peaked between May and June 2022.   Which countries supply petroleum products to the Philippines? The refined petroleum products supply in the Philippines is mainly imported from South Korea, which accounts for 31 percent of the total import share. Singapore and China also provide a large share of the country’s petroleum product supply. Due to a dormant oil refining capacity, the production of petroleum refinery products in the Philippines has shown sluggish growth recently, further emphasizing the need for importing such products. Leading petroleum companies in the Philippines Shell Pilipinas Corporation held the highest share of the petroleum market in the Philippines, with a market share of about 16 percent in 2023. The company operated its petroleum refinery until 2020, when it decided to focus on imports. There is only one operating oil refinery in the country, which is run by the second-largest oil company – Petron Corporation.