Pump prices drop 3 cents again

[Benarsenal]

They bo liao ah. Go up then go down, machiam see-saw.

[Maersk1]

seems like Caltex & others cartels is going for price war ???? The price of RON 98 for between Caltex & Shell is different......

 

From Caltex & dated on 16.09.2010.

 

[Maroon5]

damnit..seems like caltex chow kuan of being the first to increase is stil there..

[Good-Carbuyer]

I was expecting pumping at Esso at 5pm today and to my surprise the cashier told me pump prices just dropped 3 cents. I thought the prices just went up 3 cents yesterday. saved a little money by delaying my pump until today.

 

why are the pump prices so volatile and is there even a need to raise the price yesterday if they were going to drop the following day.

Just received SMS:-

SPC: get $60/- Synace Fully Syn Motoroil Voucher when U update yr data Awww.spc.com.sq & spend min $100 petrol now to 5/10/10. T&s apply

They missed my patronage as I am testing FC with another brand now (Intend to test each petrol brand for FC comparision)

[Bystander50]

Anyone agrees with my assumption.

 

US$ now dropped to a all time low of $1.33. Since crude oil is traded in US$, by right the price should drop.

This is also the reason cite when US$ rises, the petrol price rises.

 

By right, petrol price should have reduced, but Esso and Caltex increase it by 3 cents. Is this their ploy to maintain their baseline for oil prices? The usual up 3 cents, drop 2 cents and up 3 cents?

 

Comparing the crude oil price against the pump price, it does not seem to tally with that rate of the past 6 months. Costs wouldn't have increased so much within the past 6 months.

 

Quite surprising the u-turn is so fast. In the past, even if the rest didn't follow suit, they woulld have hold out for 1-2 days before "restoring" the initial price.

 

[Busker888]

Fact. Pump price down 3cents today for Caltex at 10am.

This is the quickest U-turn so far.

Thanks to Esso for taking the lead.

 

why thank Esso when they r one of the two who up px...shld thank Shell & SPC