Spread between Singapore gasoline prices crunch as Covid hits Malaysia

London, (Quantum Commodity Intelligence) - The spread between two key grades of gasoline in Singapore has narrowed to its lowest in weeks as the rise in Covid-19 infections in Asia hits demand.

The spread between 95 and 92 RON spot prices for gasoline loading in Singapore fell to around $1.55/b Tuesday, down from over $2/b last week.

Malaysia, a key buyer of 95 RON, imposed travel restrictions on Monday that will last almost a month.