Singaporeans should brace for a period of «higher and more volatile energy costs» as the ongoing conflict in the Middle East continues to severely strain global fuel supply chains. In a statement on Tuesday (March 31), the Energy Market Authority (EMA) warned that while regulated tariffs for electricity and town gas in the second quarter of 2026 have only been partially impacted, subsequent quarters are likely to see sharper increases in price. As a small city-state, Singapore heavily relies on energy imports, with approximately 95 per cent of electricity produced from imported natural gas. This same fuel serves as the primary feedstock for town gas production, meaning any global price surge directly translates to higher utility bills for every consumer across the island. The current regulatory framework determines tariffs based on average fuel costs in the first 2.5 months of the preceding quarter. This means calculations for the April to June period were based on prices from January to mid-March.As natural gas prices only began to climb after Feb 28, the full weight of the crisis has not yet been felt by households. Read more