Drop in petrol and diesel fuel prices starting up already with this month of December, should set the jolly tone for the holiday season.
Price for petrol drops by 5.1 sene per litre from $2.97 to $2.92 sene for the whole of the month.
Diesel is down 6.0 sene from $3.11 to $3.05.
Kerosene however, is not keeping up with the spirit with a 1.0 sene jump per litre from $2.69 to $2.70.
The Ministry of Finance announcement underlines another month of uncertainty, as prices started with increases over the prior month, then fell as the market weighed a potential glut.
US-China trade tensions added to concerns about an economic showdown and weaker energy demand.
Throughout 2025, multiple factors have impacted crude and refined product prices, including the Ukraine war, the effect of US tariffs and OPEC+ supply positions all contributing to moderate volatility in final pricing.
The December retail prices are based on October cargo uplifts from Singapore, delivered into Apia in November.
