Singapore raises electricity and gas tariffs due to Middle East conflict

Singapore is raising its electricity and gas tariffs due to the conflict in the Middle East. The Energy Market Authority (EMA) stated that household electricity tariffs will increase by 17 per cent to 31.91 Singapore cents per kilowatt-hour (kWh), before goods and services tax. Meanwhile, city gas tariffs will rise by 7.1 per cent to 23.48 cents per kWh. The city-state imports almost all of its energy needs, with imported natural gas accounting for about 95 per cent of electricity generation and serving as the primary feedstock for city gas production. The EMA noted that natural gas prices surged sharply from late February and remained elevated between April and June due to the Middle East conflict, resulting in higher costs for power and gas producers. The EMA stated that the situation in the Middle East remains uncertain, but if conditions improve, fuel prices could fall, leading to lower electricity and city gas tariffs in the fourth quarter of 2026.