2022 has not been favourable for vehicle owners; the supply shock from the Russian oil ban that has arisen from the escalating Russo-Ukrainian conflict and the restricted Chinese oil refinery market caused by local lockdowns, as well as an increasing demand as economies from other countries recover, has resulted in petrol prices rising to as much as $4/litre for 98 octane petrol for Shell. According to DirectAsia, the average Singapore car drives at approximately 17,500km annually, while the most common vehicle, the Toyota Corolla Altis, gets an average of 15.4 km/litre. This means that the annual fuel cost for an average car to drive at an average mileage with the price of the middle tier octane 95 fuel ranging from $3.26 - $3.33 would cost about (17, 500/15.4)* $3.30 ≈ $3,750/year. Fuel costs for less fuel-efficient and luxury cars will be higher than this. ...