SINGAPORE \u2013 Singaporeans will get $500 in CDC vouchers<\/span><\/a> half a year early \u2013 in June 2026 \u2013 to help them manage cost increases expected to result from the Middle East conflict. <\/p>\n These vouchers were supposed to have been disbursed in January 2027 and will be valid until Dec 31 that year. <\/p>\n The Cost-of-Living Special Payment will also go up by $200 for all eligible Singaporeans \u2013 that is, those with an assessable income of up to $100,000 and who do not own more than one property. <\/p>\n About 2.4 million Singaporeans will now get between $400 and $600 in cash in September 2026. <\/p>\n Announcing these and other support measures in Parliament on April 7, Acting Transport Minister Jeffrey Siow noted that petrol and diesel prices have risen sharply due to soaring global oil prices and are likely to remain elevated for some time. <\/p>\n Singapore will also have to brace itself for the full impact of the Middle East conflict<\/span><\/a> on the prices of goods such as electricity and imported food, said Mr Siow, who is also Senior Minister of State for Finance. <\/p>\n \u201cWe cannot predict how exactly events will unfold or when the conflict will end,\u201d he added. \u201cWhat we do know is that Singaporeans are already feeling some of the effects on the ground… The Government is not waiting to act.\u201d<\/p>\n Nearly $1 billion has been set aside to help those most affected by price increases, as well as to provide broader support for households and businesses. This is on top of the $155 billion previously committed in Budget 2026, which was Singapore\u2019s largest budget on record, Mr Siow said. <\/p>\n The US and Israel had launched coordinated air strikes on Iran<\/span><\/a> 16 days after Singapore\u2019s Feb 12 Budget,<\/span><\/a> triggering a broader regional conflict. In response, Iran disrupted traffic through the Strait of Hormuz \u2013 a key route for about a fifth of global oil and liquefied natural gas flows \u2013 contributing to surging oil prices and market volatility.<\/p>\n<\/picture><\/div>\n<\/figure>\n