iwonder 1st Gear March 16, 2020 Author Share March 16, 2020 On 3/13/2020 at 3:34 PM, iwonder said: I have just submitted an online enquiry to https://www.cccs.gov.sg/about-cccs/contact-us/general-online-form to complain about the 3 cents reduction in pump prices. Just doing my part to take on the oil cartel. I have received a reply from CCCS that they have noted my query and looking into it. Hope more people will also write in to query on the same issue. ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 16, 2020 Share March 16, 2020 Oil cartels have been betting oil price will shoot North and holding lots of old stock bought at sky high prices. Please await patiently for the old stock to run low.... By that time, price shoot up again... Oil cartels will give you the reason "..........................................................." Hahaha... Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 16, 2020 Share March 16, 2020 It's very difficult to explain oil pricing to lay person. 2 Link to post Share on other sites More sharing options...
Verve 1st Gear March 16, 2020 Share March 16, 2020 27 minutes ago, Kangadrool said: It's very difficult to explain oil pricing to lay person. One thing to consider the high fuel excise and there s also gst which applies on the excise duty as well and the phenomenal station rents all add up to the price ...... not to mention costs for mandated safety 2 Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 17, 2020 Share March 17, 2020 15 hours ago, Verve said: One thing to consider the high fuel excise and there s also gst which applies on the excise duty as well and the phenomenal station rents all add up to the price ...... not to mention costs for mandated safety well explained....by cartels. lol Link to post Share on other sites More sharing options...
iwonder 1st Gear March 18, 2020 Author Share March 18, 2020 Guess the option of going up north is not a solution, until Johor decides to open up the border again............ 1 Link to post Share on other sites More sharing options...
inlinesix Supersonic March 18, 2020 Share March 18, 2020 CCB PM8 1 Link to post Share on other sites More sharing options...
iwonder 1st Gear March 20, 2020 Author Share March 20, 2020 (edited) Pump prices has dropped yesterday/today for a total of roughly 3% since 9 March 2020. It is not much compared to the more than 30% drop in crude oil prices but it is going int he right direction. Will write in to CCCS again to make sure we as the consumers are not treated unfairly. Edited March 20, 2020 by iwonder 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic March 21, 2020 Share March 21, 2020 On 3/18/2020 at 4:53 PM, iwonder said: Guess the option of going up north is not a solution, until Johor decides to open up the border again............ 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic March 21, 2020 Share March 21, 2020 What's wrong with making big profits out of this pandemic? My four new frens US Senators also making big bucks out of this pandemic and insider trading. Quote Four senators sold stocks before coronavirus threat crashed market. Four senators sold stocks shortly after a January briefing in the Senate on the novel coronavirus outbreak, unloading shares that plummeted in value a month later as the stock market crashed in the face of a global pandemic. According to financial disclosure forms, Sens. Kelly Loeffler (R-Ga.), James Inhofe (R-Okla.), Dianne Feinstein (D-Calif.) and Richard Burr (R-N.C.) each sold hundreds of thousands of dollars in stocks within days of the Senate holding a classified briefing on Jan. 24 with Trump administration officials on the threat of the coronavirus outbreak. The sales raise questions about whether the senators violated the STOCK Act, a law that bans members of Congress from making financial trades based on nonpublic information. Loeffler and her husband, who is the chairman of the New York Stock Exchange, sold at least $355,000 in stocks from Jan. 24-31, according to Senate records, after the coronavirus briefing hosted by the Senate Health and Foreign Relations committees. The senator and her husband also sold $890,000 in stocks from Feb. 5-14, just days after the first confirmed coronavirus cases emerged in the U.S. but nearly two weeks before community spread of the disease was confirmed within the country. The sales, worth at least $1.2 million together, saved Loeffler and her husband from steep losses they would have incurred after the stock market’s crash began Feb. 24. 1 Link to post Share on other sites More sharing options...
iwonder 1st Gear March 21, 2020 Author Share March 21, 2020 5 minutes ago, Jamesc said: What's wrong with making big profits out of this pandemic? My four new frens US Senators also making big bucks out of this pandemic and insider trading. Sia suay. Anyway, we won’t know if this is also happening here. I can only do my part by complaining to CCCS to try and get pump prices to catch up with the massive drop in crude oil price. 1 Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 21, 2020 Share March 21, 2020 Petrol companies (cartels) are doing us a big favour by not lowering the pump prices too much this time round. Remember the last round when FM raised the fuel petrol duties taking advantage of the price drops? 🤩 3 Link to post Share on other sites More sharing options...
Jamesc Hypersonic March 21, 2020 Share March 21, 2020 Last time some car parks free after 5 pm and free on Sunday. I never complain why other car parks still charge after 5pm and also on Sunday. Because they will say yah lah not consistent and ALL car parks will charge after 5 and on Sunday. 5 Link to post Share on other sites More sharing options...
yishunite Turbocharged March 21, 2020 Share March 21, 2020 Just stay home and screw pump prices "Harlow boss ah... got sore throat and cough shld i come in anot??" Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged March 23, 2020 Share March 23, 2020 On 3/12/2020 at 3:30 PM, iwonder said: The Oil companies are laughing to the bank at our expense and we still need to keep quiet? They are working with our gahment and absorbing the costs into their P&L without making a cent? If the Oil moguls want to get rich, they should not do it at our expense. I don't know if you are stupid or if you are really stupid. "The duty for premium grade petrol will be raised by 20 cents per litre to 64 cents per litre, while that of intermediate grade petrol will be increased by 15 cents per litre to 56 cents per litre." https://www.straitstimes.com/singapore/singapore-budget-2015-rise-in-petrol-duty-but-drivers-will-enjoy-road-tax-rebates So who is doing the siphoning at no cost to their end? Link to post Share on other sites More sharing options...
iwonder 1st Gear April 21, 2020 Author Share April 21, 2020 Finally, the unchanged pump prices are reported by Straits Times. Pump prices in Singapore remain unchanged despite plunge in oil prices https://www.straitstimes.com/singapore/transport/pump-prices-remain-unchanged-despite-plunge-in-oil-prices?xtor=CS3-20&utm_source=STiPad&utm_medium=share&utm_term=2020-04-21 12%3A04%3A14 Link to post Share on other sites More sharing options...
RadX Moderator April 21, 2020 Share April 21, 2020 So you stopped wondering then? Link to post Share on other sites More sharing options...
Silver_blade Turbocharged April 21, 2020 Share April 21, 2020 On 3/16/2020 at 5:56 PM, Verve said: One thing to consider the high fuel excise and there s also gst which applies on the excise duty as well and the phenomenal station rents all add up to the price ...... not to mention costs for mandated safety ...and the fact they can control prices especially when the market is small that can support fewer competitors. Apart from oil producing countries, most others eg. EU, Asia, etc usually are facing the same problem. ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Oil drops under US$92 to 27-month low as supply glut grows
Oil drops under US$92 to 27-month low as supply glut grows