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SINGAPORE: Shell announced on Thursday that it will progressively phase out its Formula 92 petrol from stations island-wide. This will be completed by the end of June. General Manager for Retail Sales and Operations for Shell Eastern Petroleum, Henry Chu said most consumers prefer 95 octane and 98 octane fuels, and taking away the octane 92 will allow customers more space in the stations to provide the 95 and 98. About five per cent of Shell 's customers still use Formula 92. However, while 92-Octane petrol is the cheapest, it's not necessarily the smartest choice as more fuel is needed to reach optimum levels. In contrast, rival Caltex had launched its own version of 92-octane petrol less than two months ago. This was done as a cheaper fuel alternative for motorists. Currently, 92 grade petrol is priced at around a S$1.52 per litre in Singapore. 95 grade petrol is now about a S$1.55 per litre with 98-grade petrol going at about a S$1.64 per litre. - 938LIVE/vm