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Pump prices mostly up 3 cents in Singapore after killing of Iran top general

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Pump prices mostly up 3 cents in Singapore after killing of Iran top general

source: https://www.straitstimes.com/singapore/transport/pump-prices-up-3-cents-after-killing-of-iran-top-general?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-01-08 8%3A01%3A29

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SINGAPORE - Most petrol pump prices here have risen by three cents a litre to yet another record high in the latest fallout from the assassination of Iranian military leader Qassem Soleimani by United States forces last week.

A litre of petrol at major fuel retailers here now costs $2.34 for 92-octane grade, $2.38 for 95-octane and $2.77 for 98. Diesel is $1.99 a litre. Caltex's 98 with Techron is $2.80, while Shell's V-Power is $2.94. All prices are before discounts.

Caltex raised its prices on Tuesday (Jan 7), while Shell raised its prices on Monday.

SPC was the only major player to resist the latest hike, with its prices remaining unchanged as of Tuesday afternoon.

Observers said that while the killing of Major-General Soleimani had made the market more volatile, crude prices had already been climbing before his death. Fuelled by a thaw in the US-China trade war and ongoing supply cuts from major oil producers, Brent crude ended 2019 at a four-month high of US$66 a barrel.

Brent has since risen further, ending at US$68.91 on Monday. The current volatility is also attributable to uncertainty over how Iran will respond to the killing. Many Iranian leaders have warned of reprisals.

But oil industry consultant Ong Eng Tong reckons oil prices will rise, as Iran is likely to retaliate, and that would in turn ignite US sanctions, which will drive oil prices higher.

The last time pump prices went up was just before Christmas, when rates moved up by three cents a litre. Compared with 18 months ago, pump prices have climbed seven cents.

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HAHAHAH.

Their pet dog fart also can trigger oil price up.

  • Haha! 1

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Faster go pum this morning before up even more

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I just pump 2.65... RM in JB 2 days ago. Very song. :D:D

  • Praise 3

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Petrol co. in sg will take all opportunities to jack up prices immediately and when the global oil prices go down they are the slowest to react  

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9 minutes ago, Bobo07 said:

Petrol co. in sg will take all opportunities to jack up prices immediately and when the global oil prices go down they are the slowest to react  

You know why they do this? Someone protect them 

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3 hours ago, Bobo07 said:

Petrol co. in sg will take all opportunities to jack up prices immediately and when the global oil prices go down they are the slowest to react  

after petrol price goes up, next the PTC will come in to recommend fare hike for MRT & buses etc because their profit got eroded....

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Posted (edited)
3 hours ago, Bobo07 said:

Petrol co. in sg will take all opportunities to jack up prices immediately and when the global oil prices go down they are the slowest to react  

you complain about the petrol station and their 5c 10c.... and then they will still slowly bring down prices

but the one that makan 20c extra without doing anything how?

Edited by Kusje

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2 hours ago, RogerNg_185295 said:

Its  money for them. How can reverse?

That is the freaking irony.  They just keep finding ways to milk money, never find ways to lessen the cost of living of the common folks.

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27 minutes ago, Madmax67 said:

That is the freaking irony.  They just keep finding ways to milk money, never find ways to lessen the cost of living of the common folks.

Well....who you vote for

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35 minutes ago, Madmax67 said:

That is the freaking irony.  They just keep finding ways to milk money, never find ways to lessen the cost of living of the common folks.

no irony....common folks dont drive therefore dont buy petrol

common folks like me take bus and mrt

🤣

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18 minutes ago, RogerNg_185295 said:

Well....who you vote for

I stay at oppo.  Did not vote for pappy.

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1 hour ago, Madmax67 said:

I stay at oppo.  Did not vote for pappy.

Me too. At least my conscience is clear.  I not one of  those who vote pap and then complain cost of living very high. These are the real hypocrites. 

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Posted (edited)

petrol prices are hedged years in advance. price rises are nothing but an excuse. current events have no reflection on today's price but maybe for future. you mean today airstrike, tomorrow no stock for petrol? LOL

Edited by louisbosco
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