ENSURING THAT RECENT INCREASE IN PETROL PRICES IS NOT PROFITEERING

MP Pritam Singh

Mr Pritam Singh (Aljunied): Thank you, Deputy Speaker. Just one question for the Minister for Manpower. In view of the steep rise in the price of petrol and diesel, is the Government looking at the prospect of a support package for private hire drivers, taxi drivers, private hire bus drivers, not too dissimilar from the aviation support package announced at this year’s Budget to alleviate the cost of work for them?

Dr Tan See Leng: I thank the Leader of the Opposition for his question. We are watching the situation very closely. Even as we speak, I think that there are a lot of developments today and volatility in terms of the pricing, looking also at the oil futures; these are all the various factors we take into consideration.

At this particular point in time, we think that the current slew of measures, the support packages and so on, appear to be having some impact in supporting them. As I have said in my past Committee of Supply (COS) speech, we will not hesitate to roll out more. But at this particular point in time, we need to monitor the situation very, very closely.

Ministry of Manpower
10 March 2022

https://sprs.parl.gov.sg/search/sprs3topic?reportid=oral-answer-2791

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