Ensuring Increase in Goods Vehicle Permit Fees for Foreign-registered Goods Vehicles is Not Passed to Consumers and Producers

32 Mr Fadli Fawzi asked the Acting Minister for Transport (a) whether the Ministry has assessed if the increase in Goods Vehicle Permit fees for foreign-registered goods vehicles from 1 January 2027 is likely to borne by consumers or producers; and (b) whether the Government will take any steps to prevent retailers from opportunistically passing any increase in cost to their consumers.

Mr Jeffrey Siow: The increase in the Goods Vehicle Permit (GVP) fee is intended to narrow the cost difference between the Singapore-registered and foreign-registered goods vehicles due to ownership and usage costs in Singapore. We periodically review the fees for foreign-registered vehicles entering Singapore to account for changes in ownership and usage costs of Singapore-registered vehicles. Whether companies bear the increase in the GVP fee or pass this on to their end users is a commercial decision.