Yew Lee Heng LP-Gas Pte Ltd

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With over 40 years of experience, we pride ourselves on providing only the best quality LPG-related equipment and dedicated professional expertise to our valued customers.

https://www.channelnewsasia.com/singapore/elecricity-price-subsidy-not-tenable-tan-see-leng-2606246The Singapore governm...
10/04/2022

https://www.channelnewsasia.com/singapore/elecricity-price-subsidy-not-tenable-tan-see-leng-2606246

The Singapore government has said that it is not tenable to subsidise electricity consumption in the long term, as citizens must mentally prepare for higher electricity bills in the wake of the ongoing crisis. The government has said that they will subsidising extreme fluctuations, however it would not be realistic to subsidise every increase, however small.

The 2nd edition of the YLH Gas newsletter also goes more in depth into this topic of rising costs of gas and electricity for your average Singaporean. if you are interested in this topic, please check your email as we have recently sent out this month’s newsletter, we appreciate you taking the time to read it.

SINGAPORE: It is "not tenable" for the Government to subsidise electricity consumption in Singapore, Second Minister for Trade and Industry Tan See Leng told Parliament on Monday (Apr 4), adding that this keeps domestic electricity prices lower than the global energy prices Singapore must pay for in...

https://www.bloomberg.com/news/articles/2022-03-26/gazprom-arm-risks-rattling-energy-markets-from-u-k-to-singaporeGazpro...
06/04/2022

https://www.bloomberg.com/news/articles/2022-03-26/gazprom-arm-risks-rattling-energy-markets-from-u-k-to-singapore

Gazprom, the largest natural gas company in the world that is headquartered in Russia, is continuing to falter under the sanctions of the Ukraine and Russia conflict. While this affects European countries the most, Singapore is not immune to the effects of Gazprom being unable to liquidate assets, as they have trading units within Singapore.

While it will not affect Singapore as much as countries like Germany, which is heavily reliant on Gazprom's natural gas, we have already seen increased prices at the pump and in general, inflation is starting to hit Singapore. As this conflict has affected all companies around our sphere, we hope that through collective action we can ease this pressure and return to normalcy.

The trading arm of Russia’s gas giant Gazprom PJSC is under increasing pressure as clients and peers flee in response to the war in Ukraine, posing a risk for energy markets from the U.K. to Germany and Singapore.

https://news.nus.edu.sg/ukraine-crisis-energy-prices/In this article, we receive some economic insight from Dr David Bro...
26/03/2022

https://news.nus.edu.sg/ukraine-crisis-energy-prices/

In this article, we receive some economic insight from Dr David Broadstock, Head of the Energy Economics Division at the NUS Energy Studies Institute on the impacts of the Russia and Ukraine conflict on Singapore and the global energy market.

Dr Broadstock even talks about how long the oil & gas market in general will take to recover from this crisis. As this conflict ramped up so quickly in a matter of days, it’s a real shock to the system and prices may only normalise in a year, potentially even 10 years.

The current conflict between Russia and Ukraine has resulted in uncertainties and instabilities in the global oil and gas markets. Soon after Western nations imposed more sanctions on Russia, oil prices soared and the energy and commodity markets went into a state of chaos, as economies around the w...

https://www.reuters.com/business/energy/fuel-prices-rise-record-highs-governments-look-solutions-2022-03-10/Oil and gas ...
12/03/2022

https://www.reuters.com/business/energy/fuel-prices-rise-record-highs-governments-look-solutions-2022-03-10/

Oil and gas prices have reached record highs due to the conflict in Ukraine and the sanctions on Russia, potentially even reaching $200 per barrel.

However, there are many countries looking for solutions to ease the burden on their citizens. Countries like Ireland and Portugal are lowering fuel taxes to shield consumers from paying so much more money for fuel.

It is a difficult time now for businesses and consumers alike. Nevertheless we shall continue to do our part in easing the burden faced by our customer during such unfavourable periods.

Retail gasoline and diesel prices soared to record highs in many countries across the world this week, prompting governments from Brazil to France to consider pumping up subsidies or trimming taxes to shield consumers from the financial strain.

https://www.reuters.com/business/energy/ukraine-crisis-led-gas-price-surge-revives-demand-inflation-hedges-2022-02-28/Th...
04/03/2022

https://www.reuters.com/business/energy/ukraine-crisis-led-gas-price-surge-revives-demand-inflation-hedges-2022-02-28/

The crisis in Ukraine has had massive ripple effects through every industry, LP gas included.

The Deutsche Bank estimates that gas prices will rise 50% and oil prices will rise 20%, with similar price hikes all over the world.

In the face of this crisis that affects the world, we will endeavour to keep the prices within affordable means and continue to uphold our service standards.

Market-based inflation gauges are flashing red as the war in Ukraine threatens to exacerbate already high energy prices, pushing investors to seek protection in the inflation-linked bonds they had dumped since January.

Our customers are our main priority. We have created a Trust Pilot account where you can leave your reviews and lets us ...
27/09/2021

Our customers are our main priority. We have created a Trust Pilot account where you can leave your reviews and lets us know how we are doing! Who else can tell us what we can do better than you?

Do you agree with Yew Lee Heng LP-Gas's TrustScore? Voice your opinion today and hear what 2 customers have already said.

Do you value safety, reliability and affordability as much as we do?YLH Gas has been in the industry for over 40 years. ...
22/09/2021

Do you value safety, reliability and affordability as much as we do?

YLH Gas has been in the industry for over 40 years. We aim to provide professional service to our customers. Over the years, Yew Lee Heng LP-Gas has won numerous awards, in recognition to our commitment to be a top-class energy provider, ensuring reliable energy resources and customer excellence.

Visit our website for more information

We are the supplier for LPG gas in Singapore. As the #1 market leader for ESSO gas, we seek to provide the best service to you. Call us now!

Address

Singapore
539489

Opening Hours

Monday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00
Saturday 08:00 - 13:00

Telephone

+6562825525

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