Petrol Duty Rates to be increased by $0.15 to$0.20 per litre

• Taxilim88

  24 Feb 15, 16:16

  SINGAPORE — To encourage less car usage and reduce carbon emissions, petrol duty rates will be increased for the first time since 2003. From today (Feb 23), duty rates for premium grade petrol will be increased by S$0.20 per litre and intermediate grade petrol by S$0.15 per litre, Deputy Prime Minister and Finance Minister Mr Tharman Shanmugaratnam announced today. This move will yield about S$177 million a year.
  
  “With falling oil prices, pump prices after the petrol duty changes will remain lower than the levels in the last two and a half years,” Mr Tharman said.
  
  A one-year road tax rebate — 20 per cent for cars, 60 per cent for motorcycles and 100 per cent for commercial vehicles using petrol — will be provided to ease the transition to the higher duties. The rebate will offset about two-thirds of the impact of the petrol duty hike on car-owners using intermediate grade petrol. The rebate will cost the Government S$144 million.
  
  The Carbon Emissions-Based Vehicle Scheme, which was set to end in July 1 this year, will be extended for two years to July 30, 2017. The scheme was introduced in 2013 to encourage the take-up of carbon-efficient vehicles.

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  All the Prius and CNG taxis...how ar? Taxi Companies huat but drivers jialat...
• lemon1974

  24 Feb 15, 16:20

  the petrol prices already raised this morning....

• Varadero

  24 Feb 15, 19:36

  Increase very fast, but other payouts r only in 2016. Come I clap for u...
• Tcsaaa

  25 Feb 15, 04:43

  whatever the cb encourage, it not going to be cheap..

  water, hun  ki, car, houses n almost every god damn thing..

  now the cb motorbike coe 5.8 k liao..

• Redxx

  25 Feb 15, 04:57

  Arbo, how to maintain most expensive city in the world....

• getcarter

  25 Feb 15, 10:07

  And yet got ppl still vote for them 

  Must clap harder for those supporters lol

• ditzy

  25 Feb 15, 11:27

  Petrol firms profiteering, CASE charges

• bowah

  25 Feb 15, 16:15

  Originally posted by Redxx:

  Arbo, how to maintain most expensive city in the world....

  
  Yes, the most expensive city in the world, but in comparing with locals income, it is the lowest within the most expensive cities around the world. Comparing with Japan and other rich european or US states, just tell me, how much their cabbies are earning.
• bowah

  25 Feb 15, 16:20

  This is never a flavourable policy that the ruling party have put in, in layman term, it is LPPL, or worst, give you $1, take back $10 kind of situation. Tho govt thought that by taxating the rich more to help the poor, they would hv gain the trust and vote of many. The so called Robin Hood Govt. But the irony is, when you tax the able and rich more, they, as businessmen or bosses will increase their product cost to be sold to normal to poor man in Singapore, and that incur high inflation to the poor people. In economy term, it is called the domino effect. Once price of oil rises, everything will rise eventually