Singapore will scrap all its border restrictions for fully Covid-19 vaccinated visitors from April, providing an extra lift to jet fuel demand.
The city-state announced today that it will allow all vaccinated travelers to enter Singapore with just a pre-departure test from April. The country will also remove its quotas on daily arrivals, while travellers neither need to apply for entry approval nor take specially designated flights.
These relaxed travel rules come as the country announced the easing of more Covid-19 restrictions from next week. Mask wearing will only be mandatory indoors and not outdoors, while the country also increased the size of group gatherings to 10 people from five previously.
This the most significant push by Singapore so far to restore its travel industry since the pandemic. Its previous "vaccinated travel lane" schemes with selected countries still required travellers to have multiple Covid-19 tests and travel on specially designated flights.
Passenger movements through Singapore's Changi Airport have increased from last year, although volumes in January and February this year still dipped slightly from last December's pandemic high of817,000 passengers to around 720,000 and 703,000 passengers respectively. This was far below pre-pandemic numbers where the airport handled about 5.95mn passengers in January 2020 alone.
Neighbouring countries like Malaysia and Indonesia earlier announced that they are relaxing border rules for overseas visitors, in a further boost for future jet fuel demand.
Asia's jet fuel refining margins, or Singapore jet fuel swaps against Dubai crude values, have soared on the back of recovering demand and tighter supplies. Margins this month have averaged $20.18/bl, up from $14.10/bl in February.

