Mr Chua Kheng Wee Louis asked the Minister for Finance (a) in the last five years, what is the annual amount of excise duties derived from petrol and diesel sold to end consumers; and (b) whether the Government can reduce excise duties for intermediate grade petrol and diesel in view of high fuel prices today.
Ms He Ting Ru asked the Minister for Trade and Industry (a) whether the Government has conducted studies to consider the impact of the insolvency of previous electricity retailers on the cost of living for Singaporeans; and (b) if so, whether the Ministry will release the findings of such studies.
Ms He Ting Ru asked the Minister for Trade and Industry (a) whether the Ministry is tracking the severity of shrinkflation and how widespread the practice is; and (b) whether this will be one of the business practices considered by the Committee Against Profiteering.
The Minister for Finance (Mr Lawrence Wong): Sir, may the Second Minister for Trade and Industry and I answer Question Nos 1 to 15 in our Ministerial Statements on Inflation and Business Costs to be delivered later at today’s Sitting?
Mr Speaker: Please do.
Ministry of Finance
Ministry of Trade and Industry
4 April 2022