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Ministry of Trade and Industry
3. Parliamentary replies

Written reply to PQ on impact of Middle East tensions on Singapore's oil imports, petroleum reserves and household fuel costs

5 May 2026

Question:

Mr Jackson Lam: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) what proportion of Singapore's oil imports currently transit routes affected by the tensions in the Middle East; (b) whether strategic petroleum reserves are being reviewed in view of sustained regional instability in the Middle East; and (c) how does the Government monitor fuel price pass-through to household and public transport costs. 

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong

1.                  This question was addressed by the Deputy Prime Minister and Minister for Trade and Industry, the Acting Minister for Transport and Senior Minister of State for Finance, and the Coordinating Minister for National Security and Minister for Home Affairs, in their Ministerial Statements on the Impact of the Middle East Situation on Singapore at the Parliamentary Sitting on 7 April 2026. 

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