Singapore: The electricity and gas tariffs in Singapore for the second quarter (2Q) of 2026 are expected to increase following the rise in fuel prices amid regional tensions in West Asia, said the Energy Market Authority (EMA).
According to BERNAMA News Agency, EMA stated that the regulated electricity and town gas tariffs for each quarter are determined based on the average fuel costs in the first 2.5 months of the preceding quarter. The authority noted that since the prices of natural gas began climbing only after February 28, 2026, the tariffs for 2Q 2026 have been only partially affected by the rising fuel prices. The tariffs for the April to June period are therefore based on fuel prices from January to mid-March.
EMA also cautioned that the increase in natural gas costs due to West Asia conflicts would result in higher electricity and town gas prices for all consumers in Singapore. The agency expects fuel prices to remain elevated in the foreseeable future given the disruptions to oil and natural gas production in the region. Consequently, sharper increases in tariffs are anticipated in subsequent quarters, and consumers on electricity retail contracts may see price hikes upon contract renewal.
Meanwhile, the Finance Ministry (MoF) announced that over one million Singaporean households living in Housing and Development Board (HDB) flats will receive U-Save and Service and Conservancy Charges (SandCC) rebates in April 2026 as part of the permanent GST Voucher (GSTV) scheme. These rebates, which represent the first quarterly disbursement for the financial year 2026, aim to offset utilities expenses and SandCC for lower- and middle-income HDB households. Eligible households will receive up to S$190 worth of GSTV - U-Save rebates, with additional rebates provided in April and July 2026 as announced in Budget 2026.
In total, eligible Singaporean HDB households will receive up to S$570 of U-Save rebates in the financial year 2026. In addition, e-hailing service provider Grab announced a temporary fuel surcharge of S$0.40 in Singapore from April 7 to May 31 amid volatile fuel prices. The surcharge will be listed separately on the post-trip passenger receipt, with 100 percent of it going directly to driver-partners to help offset the recent increase in fuel costs, as reported by Channel News Asia.