SG: 6th rail depot to be completed by July

The Government is currently working on implementing an electric car sharing scheme in 2016. The programme, which may cost the government up to $100 million in tax revenue, will allow electric cars to be registered without vehicular taxes for up to a decade. The estimation takes into consideration are the Open Market Value and Additional Registration Fee of said which adds up to close to $100,000 per car. These cars are road-tax exempt to, which works out to a loss of $16 million for 1,000 cars over a 10 year period. In order for the scheme to be successfully implemented and adopted, the operator has to build a network of charging stations, and they can apply for grants to cover the initial cost. As of today, nothing has been finalised yet, but the LTA has said that the amount of cost exemptions will only be confirmed post-tender.Pictures used for illustration purposes only.

From all of us at the Oneshift office, we would like to wish all our readers a prosperous and happy Goat year ahead! 

Drivers will have to pay more for petrol from today onwards, as there will be an increase in petrol duty rates. However, the increased cost of fuel should be offset by a one-year road tax rebate. The statement was made by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, and he believed that the rise in petrol duties will help to encourage less to drive, and in turn, helping to reduce the carbon emissions. Currently, the duty for premium-grade petrol is 44 cents, and that will be raised by 20 cents per litre to 64 cents per litre. The duty for intermediate-grade petrol will increase to 56 cents from the current 41 cents. However, even though the duties have gone up, as oil prices have dropped, the overall price of fuel is less than it has been for the past two and a half years. To offset this, a one-year road tax rebate will be implemented. Expect rebates of 20 per cent for cars, 60 per cent for motorcycles and 100 per cent for the small number of petrol-fueld commercial vehicles, and will cost the Government $144 million.Pictures used for illustration purposes only.