SINGAPORE - ELECTRICITY tariffs in Singapore will increase by an average of 6.5 per cent starting April 1 to reflect the higher cost of fuel, the city-state's main electricity retailer said on Tuesday, adding to inflationary pressures in the city-state.
SP Services, a unit of Singapore Power, said the higher price of electricity follows a 14 per cent rise in fuel oil prices to $113.37 per barrel over the last three months that was partially offset by a 3 per cent drop in network charges.
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