On 19 September 2023 (Tues), SingPost announced they will increase the postage rate for standard regular mail from 31 cents to 51 cents – an almost 65 per cent increase – amid rising costs and declining mail volume.
The 20-cent increase reflects the "escalating costs of maintaining the postal service", SingPost said in a media release on Tuesday (Sep 19), adding that the new postage rates will take effect from Oct 9 this year. The last significant rate increase was nine years ago in 2014 when rates were increased from 22 cents to 30 cents, according to SingPost.
To help consumers manage the costs of the increase, SingPost will issue a first local stamp booklet of 10 stamps to each household from the end of October.
SingPost told CNA that it will provide return options for households who do not want or need the stamps, to reduce wastage.
This means that 51 cents will be charged for standard regular mail. SingPost currently charges 31 cents and 38 cents for standard regular mail weighing up to 20g and 40g respectively.
Standard large mail of up to 500g will have a flat rate of 80 cents from Oct 9. Currently, SingPost charges 60 cents for mail up to 100g, 90 cents for mail that weighs up to 250g and S$1.15 for mail up to 500g.
This stamp issue from 11 June 2021 is dedicated to feature the different popular breed of goldfishes.