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Petrol Price Movement in Singapore


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There should be another few cents drop coming two/three days.

 

Yesterday 30/10 shell 95 at 2.37. It should go down 2/3 cents coming two/three days.

Edited by Kopites
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Don't need 10 yr series also can see their pattern liao....

 

 

crude oil price goes up...immediately prices at the stations all goes up within the same day (see who can raise fastest game)......

 

crude oil prices drop......you wait I wait...everyone in the cartel wait for each one to drop their prices before following suite.....takes a few days to weeks to have a small drop in case the crude price goes up again....

 

And if the peasant's complain goes loud enough, some PAP Mps will pretend to raise the issue in parliament and the minister will come back with a crafted speech about investigating and found no evidence of cartel and all the prices are within acceptable range.

 

Case close 

 

Edited by Vratenza
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You know why different treatment?

 

 

What determines petrol prices in Singapore?

It makes logical sense to assume that petrol prices are closely related to crude oil prices, and when crude oil prices plummeted from 2014 to 2016, one may have wondered why petrol prices seemed to budge ever so slightly.

Travellers who drive abroad may also have compared and found that our petrol prices seem to be way higher than in many countries. Here are some of the determinants of petrol prices that you should know about.

1. Petrol tax by the Government

In 2015, the petrol tax for premium grade petrol was increased by 20 cents per litre to 64 cents per litre, and intermediate grade petrol had an increase in tax by 15 cents per litre to 56 cents per litre. The increase in petrol tax could explain why retail consumers don’t feel a significant fall in petrol prices despite falling crude oil prices.

2. Handling Costs

Storage, transportation, marketing, operations, and of course the retailer profit margin all make up a large proportion of retail petrol prices. The cost of fuel itself is but one of many components of petrol, which is why we don’t necessarily see a significant drop in petrol prices even when crude oil prices decrease.

https://www.imoney.sg/articles/petrol-prices-singapore/

 

Because Ah Gong did not get any Chicken Tax.......... :D

 

 

The chicken cartel fined for price fixing..

 

attachicon.gifChicken Cartel.jpg

 

 

Oh sorry. Posted in wrong topic.

 

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Good to know,... but I've stopped going to Esso for a quite a while since I have better deal at Caltex with SC.

 

 

I think you'll be in a dilemma, to use coupon or to enjoy the 2% App discount (depending on the card you use) to get best bang for the bucks.

 

Bring a calculator (or your phone).

 

The coupon is almost always the better deal, if you precisely hit the coupon's terms and conditions.

 

For example, a coupon of $5 off $60 gross fuel purchase is actually a 12% discount off a $60 gross fuel pump.

 

If you're pumping more fuel, you just need to make sure that you have enough space in the tank to do this twice and use 2 coupons when you pump $120 gross of fuel (that's 51.282 litres at $2.34 per litre).

Edited by pkchukiss
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Will Singaporeans co-operate to change to electric cars if someone spearheaded the initiative on a large scale? It is harder to “fix” electricity prices when electricity is a commodity used for other things as well.

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