kobayashiGT Internal Moderator May 28, 2020 Share May 28, 2020 SPC resists pump price increase a week after others raised rates source: https://www.straitstimes.com/singapore/transport/spc-resists-pump-price-increase-a-week-after-others-raised-rates?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook&fbclid=IwAR0riyu-qQWhlDuunHkbnXoI3eZJs9--j4YqPhfJtlVlAPIHYrrpUTn4VjY#Echobox=1590495078 SINGAPORE - In an unusual move, Singapore Petroleum Co has kept its pump prices unchanged since May 6, bucking a trend which saw all other pump operators raising prices a week after the last downward adjustment. The Chinese-owned company's pump prices before discount remain the lowest, with 98, 95 and 92-octane petrol grades at $2.33, $1.99 and $1.95 per litre. Its diesel is $1.64 per litre. All others, led by Esso on May 18, have raised prices which are three to eight cents per litre higher than SPC's. The company was unable to say how it was able to keep its rates unchanged even as wholesale petrol prices have been trending upwards since late-April. Queried by The Straits Times, an SPC spokesman said: "At SPC, we monitor the market closely and periodically review and adjust pump prices, as well as promotions, to reflect prevailing market conditions. "SPC has always offered competitive pricing for our petrol and diesel products and will continue to do so." Oil industry consultant Ong Eng Tong, however, said the PetroChina company was able to deviate from other pump operators because it now has its own direct source of fuels. "It no longer has to depend on other oil companies like previously," he said, adding that "as a Chinese company", it wants to assert its presence among "the Western companies... especially now". The other Chinese operator - Sinopec - is unable to do likewise because it gets its supplies from Shell, Mr Ong said. Usually, pump operators will all adjust prices within days of each other. SPC's stance, though unusual, is not its first. Early this year, it also resisted a round of price increases, which saw all the other players raising petrol and diesel prices by three cents a litre from Jan 6. Within a week, the other players reverted to their previous rates. SPC's rates are now the lowest that fuel prices have been since 2015, before government petrol duty was raised. Quote Kudos to SPC! 🙆♂️ ↡ Advertisement 14 Link to post Share on other sites More sharing options...
Mkl22 Twincharged May 28, 2020 Share May 28, 2020 will pump SPC even if it is 1 cent cheaper. petrol is petrol. 7 Link to post Share on other sites More sharing options...
Spurman Supercharged May 28, 2020 Share May 28, 2020 I like their response.. Break the cartels 3 Link to post Share on other sites More sharing options...
Ysc3 Twincharged May 28, 2020 Share May 28, 2020 But there are ppl who insist that spc petrol is not clean and that the other brands give them more power! So the groups are still divided. 3 Link to post Share on other sites More sharing options...
Calford 2nd Gear May 28, 2020 Share May 28, 2020 11 minutes ago, Ysc3 said: But there are ppl who insist that spc petrol is not clean and that the other brands give them more power! So the groups are still divided. For me? I am driving a COE car... old technology, no difference. ahah support SPC. 4 Link to post Share on other sites More sharing options...
Zxcvb Turbocharged May 28, 2020 Share May 28, 2020 So what’s the pricing for SPC after all the discount? Got better than Sinopec 23%? Link to post Share on other sites More sharing options...
Stratovarius Turbocharged May 28, 2020 Share May 28, 2020 43 minutes ago, Mkl22 said: will pump SPC even if it is 1 cent cheaper. petrol is petrol. Ya. i've been using Esso since i started driving. Will go get SPC membercard and get the 20% discount on everyday card. Not as good as 18% direct discount on esso card but at 6 cents cheaper, SPC is still cheaper overall. 2 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged May 28, 2020 Share May 28, 2020 (edited) 27 minutes ago, Ysc3 said: But there are ppl who insist that spc petrol is not clean and that the other brands give them more power! So the groups are still divided. If that was true, the fuel filter in the car will cog up liao. PLUS within every pump, there is a filter before it goes into your tank. Edited May 28, 2020 by Sdf4786k Link to post Share on other sites More sharing options...
Mkl22 Twincharged May 28, 2020 Share May 28, 2020 12 minutes ago, Zxcvb said: So what’s the pricing for SPC after all the discount? Got better than Sinopec 23%? its 18% at the 3 outlets at bukit timah.15% at all others. 2 Link to post Share on other sites More sharing options...
Mkl22 Twincharged May 28, 2020 Share May 28, 2020 (edited) 40 minutes ago, Ysc3 said: But there are ppl who insist that spc petrol is not clean and that the other brands give them more power! So the groups are still divided. good that these people think this way. better for me, don't clog the station. Edited May 28, 2020 by Mkl22 1 Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear May 28, 2020 Share May 28, 2020 1 hour ago, Mkl22 said: will pump SPC even if it is 1 cent cheaper. petrol is petrol. You will get what you pay for! Link to post Share on other sites More sharing options...
Mkl22 Twincharged May 28, 2020 Share May 28, 2020 (edited) 3 minutes ago, ToyotaShuttle said: You will get what you pay for! bye. Edited May 28, 2020 by Mkl22 2 Link to post Share on other sites More sharing options...
Kb27 Supersonic May 28, 2020 Share May 28, 2020 good to see companies like SPC around. 3 Link to post Share on other sites More sharing options...
UncleAtas Turbocharged May 28, 2020 Share May 28, 2020 SPC & ESSO giving 25% as long you produce petrol card. How come I went to shell only get 5%? Link to post Share on other sites More sharing options...
Tireburner 3rd Gear May 28, 2020 Share May 28, 2020 Has SPC started giving out vouchers for next month? 2 Link to post Share on other sites More sharing options...
Tohto Hypersonic May 28, 2020 Share May 28, 2020 I still have Esso voucher from SK new station till mid July. Will return back to SPC after finish all the Esso voucher. 1 Link to post Share on other sites More sharing options...
yishunite Turbocharged May 28, 2020 Share May 28, 2020 Even if not as good cc disc as others, I will pump SPC because the principle more impt than a few cents saving 2 Link to post Share on other sites More sharing options...
Spurman Supercharged May 28, 2020 Share May 28, 2020 Oil drop from 50bucks to negative. drop say 10cents so far. Oil back to 40bucks. Increase 6 to 8cents. Cartels in singapore is real.... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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