SINGAPORE - Fuel retailer Singapore Petroleum Co (SPC) has put in a bid of $92.7 million for a petrol station site here - an all-time high - signalling the China-owned entity's ambition to grow its presence here.

SPC, which has just dropped its "leaping lion" logo for owner PetroChina's flower emblem, beat the second-highest bidder - American oil giant Chevron - by 20 per cent.