Picnic06-Biante15 Supersonic December 20, 2008 Share December 20, 2008 (edited) Today ST reported that the price of oil had dropped to US$34/- per barrel even after OPEC had agreed to drop daily production by 2.2 million per day from January 2009 ........ Prediction from expert that the oil would drop further to about US$20/- per barrel ...... KNN ....... our oil kartels still did not drop their pump prices since the last drop 2 weeks ago (around US$47/- per barrel)....... My tank is now slightly more than 1/4 tank and waiting for it to drop yesterday but no news of falling prices...... . Don't like the feeling after refuelling at old price in the morning and they adjust the pump price in the evening as I ever kana twice last month ..... Shell, Shell, Shell...... where are you? .... Why don't you start the ball rolling first .... Edited December 20, 2008 by Picnic06 ↡ Advertisement Link to post Share on other sites More sharing options...
RadX Moderator December 20, 2008 Share December 20, 2008 i really hope one of them kena chap 11 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic December 20, 2008 Author Share December 20, 2008 Shell always the first to start reducing the pump prices last month and this month (2 wks leow)...... they very quite ley .... Link to post Share on other sites More sharing options...
Chickensoup 1st Gear December 20, 2008 Share December 20, 2008 Shell and other oil companies dont buy their crude oil from supermarkets. They have contracts and if these contracts are signed within the last one year, their cost of product is still high. Link to post Share on other sites More sharing options...
So_nice 6th Gear December 20, 2008 Share December 20, 2008 20usd/barrel? sounds cheaper then kor-gao-kor-lat liao! Link to post Share on other sites More sharing options...
Jubilong 2nd Gear December 20, 2008 Share December 20, 2008 And what about our utility charges? increase 21% to oil price of $155 and announced next revision down 24% effectively only revise 3%. Now that oil has gone down below $40 shouldn't the revision be more. Link to post Share on other sites More sharing options...
Blue850r Clutched December 20, 2008 Share December 20, 2008 SP will tell you, other costs have all gone up. Link to post Share on other sites More sharing options...
Kanr 1st Gear December 20, 2008 Share December 20, 2008 Thats mean it won't dropped the prices Link to post Share on other sites More sharing options...
Blue850r Clutched December 20, 2008 Share December 20, 2008 We have heard many such excuses from Ministries before rite? One moment they said our country is not solely dependent on USA market so we wont be hit hard if USA market is not good. But what is happening now? Openly admit we are in recession! Link to post Share on other sites More sharing options...
Guest66 Neutral Newbie December 20, 2008 Share December 20, 2008 hmmmm...why don't you start taking public transport?... Today ST reported that the price of oil had dropped to US$34/- per barrel even after OPEC had agreed to drop daily production by 2.2 million per day from January 2009 ........ Prediction from expert that the oil would drop further to about US$20/- per barrel ...... KNN ....... our oil kartels still did not drop their pump prices since the last drop 2 weeks ago (around US$47/- per barrel)....... My tank is now slightly more than 1/4 tank and waiting for it to drop yesterday but no news of [reply]Today ST reported that the price of oil had dropped to US$34/- per barrel even after OPEC had agreed to drop daily production by 2.2 million per day from January 2009 ........ Prediction from expert that the oil would drop further to about US$20/- per barrel ...... KNN ....... our oil kartels still did not drop their pump prices since the last drop 2 weeks ago (around US$47/- per barrel)....... My tank is now slightly more than 1/4 tank and waiting for it to drop yesterday but no news of falling prices...... . Don't like the feeling after refuelling at old price in the morning and they adjust the pump price in the evening as I ever kana twice last month ..... Shell, Shell, Shell...... where are you? .... Why don't you start the ball rolling first .... Link to post Share on other sites More sharing options...
Seevic Neutral Newbie December 20, 2008 Share December 20, 2008 Let me guess. If the price really does drop again, - Shell will be the 1st to drop. Again & Always. - The drop will be 5cts. Again & Always. Link to post Share on other sites More sharing options...
Jubilong 2nd Gear December 20, 2008 Share December 20, 2008 Looks like you are right, seems nobody has written anything about the utility. Ppl look at 24% and think wow big drop. sigh me just a lone voice. Link to post Share on other sites More sharing options...
Yaloryalor 5th Gear December 20, 2008 Share December 20, 2008 We always wanna be no. 1, so to declare in recession also must be no. 1 Link to post Share on other sites More sharing options...
Boyboy 1st Gear December 20, 2008 Share December 20, 2008 election will have another 33% standing on ur side Link to post Share on other sites More sharing options...
Renegade777 5th Gear December 20, 2008 Share December 20, 2008 (edited) Edited December 20, 2008 by Renegade777 Link to post Share on other sites More sharing options...
Renegade777 5th Gear December 20, 2008 Share December 20, 2008 Cannot like that say even you wanted to be treated like a carrot cake. TS is just showing his stand. Petrol at highest is $140/- per barrel and now only $35/- per barrel. Petrol has drop more than 70% and yet we not getting the appropriate discount. Go calculate and see how much more you are paying every time you pump which could be use to buy gu ni hoon or even translate to good savings for the family. Felt that someone sould step in and protect consumers interest but it is the opposite way instead. Link to post Share on other sites More sharing options...
Blue850r Clutched December 20, 2008 Share December 20, 2008 Haha.. Honest Govt ma. Link to post Share on other sites More sharing options...
Blue850r Clutched December 20, 2008 Share December 20, 2008 Petrol pump price $1.20 = USD20 a barrel (few years back) Petrol pump price $2.40 = USD 140 a barrel (Few months back) Seems that petrol price difference is about $1.20 between high and low, also the price is barrel differs by USD120. Looks like we can assume $0.10 adjustment in pump price for every USD10 up/down in barrel price. So if based on USD40 a barrel, our pump price now should be $1.40. Considering the discount given by petrol station, it is about correct. ↡ Advertisement Link to post Share on other sites More sharing options...
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