Singapore Post (SingPost) announced on September 15 that it will be adjusting its price structure for package and parcel deliveries in Singapore and the rest of the world.

The company says the changes come during a period where there is an uptick in e-commerce volumes, and allows the company to cater to the needs of the local community, just in time for the year-end ecommerce peak season.

Effective from October 15, basic packages which are delivered to the letterbox with no form of tracking or delivery notifications, now priced from 90 cents to $3.50, will cost a flat $1.50 for items up to 2kg.

The company’s post-paid Poly M will be standardised at $2 for small and large Poly M sizes.

All basic services will be delivered within two working days, instead of three formerly.

Tracked packages, which now cost between $3.20 to $4.80, is now priced at a flat rate of $3.

SmartPac, SingPost’s trackable post-paid product will have two price categories, from three previously. SmartPac Mini and Lite will both be priced at $3.20, instead of $3.20 and $3.80 formerly. SmartPac Box will cost $3.80, down from the previous $4.70.

SingPost’s next-day parcel doorstep delivery service will cost a flat rate of $6 for local deliveries with a maximum weight limit of 30kg.

Its Speedpost Economy service within Singapore will be discontinued from October 15.

International package services will also be revised to two categories (Basic Package and Registered Package) and four weight tiers from 250g to 2kg.

Speedpost will reduce its suite of international services to three, with the cessation of Speedpost Standard from October 15.

A free collection service will also be made available for all Speedpost International services from the same day. Previously, only Speedpost Express and Speedpost

Priority international services got to enjoy this service.

Speedpost will introduce a new document rate for Speedpost Express (International) and Speedpost Priority (International), for paper documents up to 1kg.

“Following the introduction of our package delivery service in December last year, we have seen a strong take-up of both Tracked and Basic Package services, as they will allow a secured delivery service to the letterbox,” says CEO Vincent Phang.

“As such, we have further streamlined our package and parcel delivery services to enhance our offerings for customers. This round of enhancements provides cost savings and improved services for the majority of our customers, as they send more packages and parcels than ever before. The revised pricing structure is also built with our customers in mind, so that they can easily understand the suite of services we offer and how much they cost,” Phang adds.

Shares in SingPost closed 1 cent lower, or 1.5% down, at 67 cents on September 14.