Survival vs hedging: Two types of fuel reserve

Will OEM retailers face a collapse once again?

When will energy costs hit food and transport?

Why short wars have long-term impacts on price

EV vs petrol: Does switching save money today?

Is nuclear energy the answer for price shocks?

If Singapore has fuel reserves, why are electricity tariffs surging? 

Synopsis: On Wednesdays, The Straits Times takes a hard look at Singapore's social issues of the day with newsmakers.

From April to June 2026, electricity and household tariffs will be higher. And we’ve been warned to brace for even higher utility bills after this quarter, as the ongoing war in the Middle East squeezes global fuel supplies.

But this always leads to a very common question from Singaporeans. To counter these exact types of supply shocks, does Singapore actually have enough national fuel reserves to last for months? So if we have our own stockpiles, why do we still have to pay more? 

In this episode, assistant podcast editor Lynda Hong unpacks the impact of the war on inflation with Dr David Broadstock, partner at energy consultancy The Lantau Group. He explains the stockpile paradox when global conflicts hit the cost of living at home.

Apart from cost of living issues related to the rise in energy prices, the episode also discusses whether it’s more cost-effective to buy an Electric Vehicle (EV) and the challenges to transition to decarbonised energy like nuclear and renewables. 

Highlights (click/tap above): 

4:54 Survival vs. hedging: The two types of fuel reserves Singapore uses

14:10 Will Open Electricity Market (OEM) retailers collapse again?

20:35 When will energy inflation hit food and transport?

25:52 Why the war, even if short-lived, would have long-term impact on high prices

27:58 EV vs. petrol: Does switching to an electric vehicle actually save you money right now?

30:59 Is nuclear energy the ultimate solution to Singapore's price shocks?

Read ST’s Opinion section: https://str.sg/w7sH

Follow Lynda Hong on LinkedIn: https://str.sg/Gm2v

Host: Lynda Hong (lyndahong@sph.com.sg) 

Produced and edited by: Hadyu Rahim

Executive producers: Ernest Luis & Lynda Hong

Follow In Your Opinion Podcast here and get notified for new episode drops:

Channel: https://str.sg/w7Qt

Apple Podcasts: https://str.sg/wukb

Spotify: https://str.sg/w7sV

Feedback to: podcast@sph.com.sg

SPH Awedio app: https://www.awedio.sg

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Follow more ST podcast channels:

All-in-one ST Podcasts channel: https://str.sg/wvz7

Get more updates: http://str.sg/stpodcasts

The Usual Place Podcast YouTube: https://str.sg/theusualplacepodcast 

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Get The Straits Times app, which has a dedicated podcast player section:

The App Store: https://str.sg/icyB

Google Play: https://str.sg/icyX

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#inyouropinion

If Singapore has fuel reserves, why are electricity tariffs surging?&nbsp;
Synopsis: On Wednesdays, The Straits Times takes a hard look at Singapore's social issues of the day with newsmakers.
From April to June 2026, electricity and household tariffs will be higher. And we&rsquo;ve been warned to brace for even higher utility bills after this quarter, as the ongoing war in the Middle East squeezes global fuel supplies.
But this always leads to a very common question from Singaporeans. To counter these exact types of supply shocks, does Singapore actually have enough national fuel reserves to last for months? So if we have our own stockpiles, why do we still have to pay more?&nbsp;
In this episode, assistant podcast editor Lynda Hong unpacks the impact of the war on inflation with Dr David Broadstock, partner at energy consultancy The Lantau Group. He explains the stockpile paradox when global conflicts hit the cost of living at home.
Apart from cost of living issues related to the rise in energy prices, the episode also discusses whether it&rsquo;s more cost-effective to buy an Electric Vehicle (EV) and the challenges to transition to decarbonised energy like nuclear and renewables.&nbsp;
Highlights (click/tap above):&nbsp;
4:54 Survival vs. hedging: The two types of fuel reserves Singapore uses
14:10 Will Open Electricity Market (OEM) retailers collapse again?
20:35 When will energy inflation hit food and transport?
25:52 Why the war, even if short-lived, would have long-term impact on high prices
27:58 EV vs. petrol: Does switching to an electric vehicle actually save you money right now?
30:59 Is nuclear energy the ultimate solution to Singapore's price shocks?
Read ST&rsquo;s Opinion section:<a href="https://str.sg/w7sH"> https://str.sg/w7sH</a>
Follow Lynda Hong on LinkedIn: <a href="https://str.sg/Gm2v">https://str.sg/Gm2v</a>
Host: Lynda Hong (<a href="mailto:lyndahong@sph.com.sg">lyndahong@sph.com.sg</a>)&nbsp;
Produced and edited by: Hadyu Rahim
Executive producers: Ernest Luis &amp; Lynda Hong
Follow In Your Opinion Podcast here and get notified for new episode drops:
Channel:<a href="https://str.sg/w7Qt"> https://str.sg/w7Qt</a>
Apple Podcasts:<a href="https://str.sg/wukb"> https://str.sg/wukb</a>
Spotify:<a href="https://str.sg/w7sV"> https://str.sg/w7sV</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
SPH Awedio app: <a href="https://www.awedio.sg/" data-stringify-link="https://www.awedio.sg" data-sk="tooltip_parent">https://www.awedio.sg</a>
---
Follow more ST podcast channels:
All-in-one ST Podcasts channel: <a href="https://str.sg/wvz7" data-stringify-link="https://str.sg/wvz7" data-sk="tooltip_parent">https://str.sg/wvz7</a>
Get more updates: <a href="http://str.sg/stpodcasts" data-stringify-link="http://str.sg/stpodcasts" data-sk="tooltip_parent">http://str.sg/stpodcasts</a>
The Usual Place Podcast YouTube: <a href="https://str.sg/theusualplacepodcast" data-stringify-link="https://str.sg/theusualplacepodcast" data-sk="tooltip_parent">https://str.sg/theusualplacepodcast</a>&nbsp;
---
Get The Straits Times app, which has a dedicated podcast player section:
The App Store:<a href="https://str.sg/icyB"> https://str.sg/icyB</a>
Google Play:<a href="https://str.sg/icyX"> https://str.sg/icyX</a>
---
#inyouropinion

A hard look at the social issues of the month in Singapore. Join ST journalists and other guests as they discuss with Lydia Wong.

Synopsis: On Wednesdays, The Straits Times takes a hard look at Singapore's social issues of the day with guests.

Produced and edited by: Hadyu Rahim

Executive producers: Ernest Luis & Lynda Hong

A podcast by The Straits Times, SPH Media.

Synopsis: On Wednesdays, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
Produced and edited by: Hadyu Rahim
Executive producers: Ernest Luis &amp; Lynda Hong
A podcast by The Straits Times, SPH Media.