Petrol prices rose nearly 20% since start of conflict, cost of diesel soared over 50%

The price of 95-octane petrol in Singapore has climbed by nearly 20% in the 40 days since the start of the war on Iran. And the cost of diesel has soared over 50%. These fuels are derived from crude oil, which must first be refined. While Singapore holds stockpiles, one expert notes that these are meant for supply emer