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Theoldjaffa

New petrol company Sinopec in SG.. lower prices coming?

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http://www.straitstimes.com/singapore/transport/china-oil-giant-enters-singapore-petrol-station-business

 

Or are they joining the cartel?

Edited by Theoldjaffa
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"Oil consultant Ong Eng Tong said: "Most of the oil majors would like to divest their petrol stations. First, it is not their priority, and second, (it is due to) the coming of electric vehicles in the not-too-distant future."

 

this guy for real?

 

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"Oil consultant Ong Eng Tong said: "Most of the oil majors would like to divest their petrol stations. First, it is not their priority, and second, (it is due to) the coming of electric vehicles in the not-too-distant future."

 

this guy for real?

 

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This threat is real. With a stable no of cars and increased no. of hybrids on Sin roads, Has the total vol petrol sold decreased? 5yr from now, probably 50% of new car sold are hybrid cars.

Why hybrid cars dont specify battery capacity; like power banks?

This is the reason why petrol prices go up unjustified
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This is the reason why petrol prices go up unjustified

Sinopec is known for slashing prices at HKG. I wonder if they will do the same here too.

 

Then again, will Singaporeans shun Sinopec because it is from China and their petrol will be deemed as "inferior"

 

Will they have a rewards Program or will they follow SPC and just give no frills discount?

 

I just find it interesting that they wanna come in where others like BP went out.

 

Oh and I kinda miss BP too. Sound so atas!

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Sinopec is known for slashing prices at HKG. I wonder if they will do the same here too.

 

Then again, will Singaporeans shun Sinopec because it is from China and their petrol will be deemed as "inferior"

 

Will they have a rewards Program or will they follow SPC and just give no frills discount?

 

I just find it interesting that they wanna come in where others like BP went out.

 

Oh and I kinda miss BP too. Sound so atas!

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This threat is real. With a stable no of cars and increased no. of hybrids on Sin roads, Has the total vol petrol sold decreased? 5yr from now, probably 50% of new car sold are hybrid cars.

Why hybrid cars dont specify battery capacity; like power banks?

ok so we have silly oil majors ( even a new player coming in) paying $50 million to lease land for 30 years to retail petrol in the wake of decreasing petrol demand in the next 5 years

 

 

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Bolehland still have right? I seem to remember seeing a few during my previous trips

 

Dunno, I go Malaysia like once or twice a year only

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If Sinopec builds a station at Yishun Ave 1, and sells cheap, I'll definitely go there and pump.

 

Then it will follow by cheap petrol is lousy petrol comments. [laugh]

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If Sinopec builds a station at Yishun Ave 1, and sells cheap, I'll definitely go there and pump.

 

Then it will follow by cheap petrol is lousy petrol comments. [laugh]

Cheap petrol is lousy petrol?

 

I have no such worries, I am driving a lousy car anyway.

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If Sinopec builds a station at Yishun Ave 1, and sells cheap, I'll definitely go there and pump.

 

Then it will follow by cheap petrol is lousy petrol comments. [laugh]

If one station it's not going to make any difference.

 

If at least 15 station spread geographically over SG, maybe when they slash prices, the other cartel will follow.

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If one station it's not going to make any difference.

 

If at least 15 station spread geographically over SG, maybe when they slash prices, the other cartel will follow.

Don't have too much hope. If petrol prices and margins go down too much, govt will take the chance to increase petrol tax again.
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aiya you all listen to the sexpert.... they saying its not about the Petrol stations now.... its more of a political reason and for the future.... they wanna plant the flag now.... later dump price and kill off competition.... ho say.... little red dot don't suck the PRC ass.... Petrol price more expensive than gold!!!  [lipsrsealed]  [rolleyes]  

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aiya you all listen to the sexpert.... they saying its not about the Petrol stations now.... its more of a political reason and for the future.... they wanna plant the flag now.... later dump price and kill off competition.... ho say.... little red dot don't suck the PRC ass.... Petrol price more expensive than gold!!! [lipsrsealed][rolleyes]

If they covert 15 Shell to Sinopec.

Then Chinese state own petrol companies will have bigger presence in Singapore.

 

Total 40 SPC + 15 Sinopec = 55

Shell 62-15= 47

Esso = 58

Caltex=26

 

Dutch is 47

Chinese is 55

American is 84

So USA still bigger

Edited by Atonchia
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ok so we have silly oil majors ( even a new player coming in) paying $50 million to lease land for 30 years to retail petrol in the wake of decreasing petrol demand in the next 5 years

 

ð

Wash money.....but seriously i do not see how does this make petrol cheaper. All along its a cartel in SG unlike other countries...SG only fight on discounts and loyalty cards... Edited by Andyngps
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By the way.

BYD electric car is Chinese state own company right?

 

Maybe these stations will have electric charging points in few more years.

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Sinopec is known for slashing prices at HKG. I wonder if they will do the same here too.

 

Then again, will Singaporeans shun Sinopec because it is from China and their petrol will be deemed as "inferior"

 

Will they have a rewards Program or will they follow SPC and just give no frills discount?

 

I just find it interesting that they wanna come in where others like BP went out.

 

Oh and I kinda miss BP too. Sound so atas!

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Wash money.....but seriously i do not see how does this make petrol cheaper. All along its a cartel in SG unlike other countries...SG only fight on discounts and loyalty cards...

 

Chinese stateowned company leh? How to wash money...

By the way.

BYD electric car is Chinese state own company right?

 

Maybe these stations will have electric charging points in few more years.

 

Tiagong some of these chinese state own oil companies..... Their office buildings already have electrical charging points for cars.

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