{"id":669489,"date":"2026-05-14T02:34:09","date_gmt":"2026-05-14T02:34:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/669489\/"},"modified":"2026-05-14T02:34:09","modified_gmt":"2026-05-14T02:34:09","slug":"why-singapores-fuel-supply-holds-steady-but-not-prices-and-when-cost-pressures-may-ease","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/669489\/","title":{"rendered":"Why Singapore\u2019s fuel supply holds steady but not prices, and when cost pressures may ease"},"content":{"rendered":"<p>\u201cWe\u2019re seeing a healthy inflow of oil and gas into Singapore, which allows us to sustain our needs without dipping into our reserves,\u201d confirmed Gan, who is in the Ministry of Trade and Industry team responsible for Singapore\u2019s energy resilience.<\/p>\n<p>Still, the system depends on continued global flows, which is where the risks lie. \u201cWe\u2019re watching \u2026 how other countries are responding,\u201d she said. \u201cPerhaps some countries, out of their own self-interest, might start curbing exports of oil and gas.\u201d<\/p>\n<p>To mitigate the risk, Singapore has been working on bilateral agreements to secure essential supplies. Last week, Singapore and New Zealand signed the world\u2019s first legally binding pact to keep critical goods, including fuel, flowing even during crises.<\/p>\n<p>For now, the problem is not the supply flow but the prices, Gan noted. \u201cWe aren\u2019t endowed with our own natural gas or fuel or oil, so we have to import every drop.<\/p>\n<p>\u201cIt means that we\u2019re also subject to global prices.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cWe\u2019re seeing a healthy inflow of oil and gas into Singapore, which allows us to sustain our needs&hellip;\n","protected":false},"author":2,"featured_media":669490,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,31243,6016,164,2572],"class_list":["post-669489","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-cna-insider","tag-consumer","tag-economy","tag-energy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/669489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=669489"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/669489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/669490"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=669489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=669489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=669489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}