Petrol Price Movement in Singapore

[Sadan]

25 minutes ago, Confusedboi said:

me thinks about 60 plus% of mcf members pump 95 petrol, the other 30 plus% pump 98 petrol😆

Think should be
60% JB petrol 

35% local 95

4% local 98

1% V-power 

😂😂

[Civic101]

I was expecting petrol price to drop since crude oil dropped from ~US$120 to ~US$110 over the past week! Whatever happened to what Famous Tan said - drop faster than up?🤬

[13177]

1 minute ago, Civic101 said:

I was expecting petrol price to drop since crude oil dropped from ~US$120 to ~US$110 over the past week! Whatever happened to what Famous Tan said - drop faster than up?🤬

Now petrol price only got up no down.

[elmohootbigbird]

everyone has given up all hopes. no one whining liao.

[Fitvip]

This morning pumped Synergy Extra at 3.39 dollars. Damn shiok.😪

[awhtc]

My guess is next week the petrol prices will come down in Singapore. 

But I'm going Johor to pump VPower next week. 

[inlinesix]

7 hours ago, awhtc said:

My guess is next week the petrol prices will come down in Singapore. 

But I'm going Johor to pump VPower next week. 

Don’t waste money.

RON100 👍🏻

[Wt_know]

1 hour ago, inlinesix said:

Don’t waste money.

RON100 👍🏻

better don't try 

once you pump pop, you can't stop ... i say one !  

[ER-3682]

Just wonder why S'pore & M'sia don't make 100 RON...on V-Power..in Germany,V-Power is 100 RON.

[inlinesix]

RON97: RM4.84

RON100: RM5.60

V-Power (RON97): RM6.20

V-power is still RON97 but RM1.40 more ex.

Doesn't make sense.

[Etnt]

you sai also getting ex.

[Mkl22]

@inlinesix 

RON97: RM4.84 /  SG$1.53

RON100: RM5.60/ SG$1.77

V-Power (RON97): RM6.20 / SG$1.96

 

much easier to read this way

[Fcw75]

6 minutes ago, Etnt said:

you sai also getting ex.

Transport cost going up meaning food and other cost also going up. 

Knn Putin…hope he die of illness or kenna assassinated like what he always do to other politician. 

[inlinesix]

23 minutes ago, ER-3682 said:

Just wonder why S'pore & M'sia don't make 100 RON...on V-Power..in Germany,V-Power is 100 RON.

Market too small.

[Wt_know]

19 minutes ago, inlinesix said:

Market too small.

$5/L you pump? muahahahaha

[Etnt]

do we have any vehicle here that require ron100 in the first place.

[inlinesix]

13 minutes ago, Wt_know said:

$5/L you pump? muahahahaha

I pump when it is RM5.

[awhtc]

1 hour ago, Fcw75 said:

Transport cost going up meaning food and other cost also going up. 

Knn Putin…hope he die of illness or kenna assassinated like what he always do to other politician. 

 

It is mostly due to under-investment in oil and gas explorations and refineries when crude oil price collapsed a few years ago.  The surge in investments since last year means that the oil and gas supplies will only materialise in about 2 years from now.  S$3.30/L might be the norm for petrol going forward.

Singapore is also not building any more gencos but installing more expensive solar panels.  Our gencos are also competing with EU for LNG since Russia has partially cut off their NG supplies.  The next quarter electricity tariffs will be released soon and my guess is they will be from $0.30/kWh.

So our energy prices will only become more expensive.  Note that a large portion of our clean water is also produced from energy-intensive processes.