Singapore's Petrol Price

[ckmpd]

Oil price was abt $84 per barrel a few months ago. Now it is $50. a drop of abt 40%

When oil was $84, petrol price was $2.40 per litre. Now at $50, petrol price is $2.19, a drop of abt 10%

Why does petrol price drop 10% when oil dropped 40%.

Why does pap allow petrol companies to profit so much at the expense of SG drivers?

Hold pap responsible for working against Singaporeans by abetting the oil companies

 

[halsey02]

Oil price was abt $84 per barrel a few months ago. Now it is $50. a drop of abt 40%

When oil was $84, petrol price was $2.40 per litre. Now at $50, petrol price is $2.19, a drop of abt 10%

Why does petrol price drop 10% when oil dropped 40%.

Why does pap allow petrol companies to profit so much at the expense of SG drivers?

Hold pap responsible for working against Singaporeans by abetting the oil companies

Who voted for the PAP, you get the answer....they gave them a perpetual Mandate to shaft all the orifices they have, 366/25 hours...now you just woke to reality? Not only petrol...cigarettes, liquor..etc...damn good money spinner....IN THE NAME OF, WE LOOK AFTER YOU. PAP IS THE BEST.

 

[ckmpd]

Who voted for the PAP, you get the answer....they gave them a perpetual Mandate to shaft all the orifices they have, 366/25 hours...now you just woke to reality? Not only petrol...cigarettes, liquor..etc...damn good money spinner....IN THE NAME OF, WE LOOK AFTER YOU. PAP IS THE BEST.

PAP allowed Cheap foreign labour with fake qualifications to outprice SG guys with NUS degrees and who served NS, claiming that SG NUS graduates are not willing to work for lesser pay

 

[ckmpd]

Do we need more deaths in hospitals, more mrt breakdowns and more system failures to realise that pap has allowed foreigners who are incompetent to infiltrate our health care system, engineering standards and banking integrity?

 

[parrardee]

Do we need more deaths in hospitals, more mrt breakdowns and more system failures to realise that pap has allowed foreigners who are incompetent to infiltrate our health care system, engineering standards and banking integrity?

Ha here you are again trying to garner nitwit support.

 

[ckmpd]

Ha here you are again trying to garner nitwit support.

i dont need support. i am stating facts. do u agree that what i said is true?

 

[Pek Kim Lui]

Oil price was abt $84 per barrel a few months ago. Now it is $50. a drop of abt 40%

When oil was $84, petrol price was $2.40 per litre. Now at $50, petrol price is $2.19, a drop of abt 10%

Why does petrol price drop 10% when oil dropped 40%.

Why does pap allow petrol companies to profit so much at the expense of SG drivers?

Hold pap responsible for working against Singaporeans by abetting the oil companies

GREED KNOWS NO BOUND..............CLEAR PROOF THAT PAPIGS ARE TRAITORS

 

[congo9]

If you don't let these company's profit at the expenses , they will not vote for PAP. Simple as that. It's a kind of Fedual relationship.

 

[ckmpd]

GREED KNOWS NO BOUND..............CLEAR PROOF THAT PAPIGS ARE TRAITORS

Agree. That's why Singaporeans must know vote out the greedy ones

 

[ckmpd]

If you don't let these company's profit at the expenses , they will not vote for PAP. Simple as that. It's a kind of Fedual relationship.

at the expense of Singaporean drivers?

 

[syed putra]

Oil price was abt $84 per barrel a few months ago. Now it is $50. a drop of abt 40%

When oil was $84, petrol price was $2.40 per litre. Now at $50, petrol price is $2.19, a drop of abt 10%

Why does petrol price drop 10% when oil dropped 40%.

Why does pap allow petrol companies to profit so much at the expense of SG drivers?

Hold pap responsible for working against Singaporeans by abetting the oil companies

Maybe the companies made certain amount. But i think the high price is due to taxes impose reason being low oil price will create deflation.prices will start to come down.i dunno why its considered a threat to the economy.

 

[ckmpd]

Maybe the companies made certain amount. But i think the high price is due to taxes impose reason being low oil price will create deflation.prices will start to come down.i dunno why its considered a threat to the economy.

You dont know what you are talking abt. get your facts right

 

[Hypocrite-The]

Dont worry,,prices going up,,,so for it to drop will be the joke of the day

Oil rises to US$51 after steep slide; growth fears weigh
image: data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==
Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania US. (Photo:REUTERS/Brendan McDermid)
26 Dec 2018 06:17PM
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LONDON: Oil edged up to US$51 a barrel on Wednesday (Dec 26) after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an OPEC-led effort to tighten supply.
Crude has been caught up in wider financial market weakness as the US government shutdown, higher US interest rates and the US-China trade dispute unnerved investors and exacerbated worries over global growth.

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Brent crude , the global benchmark, was up 43 cents at US$50.90 at 9:49am GMT. It earlier fell to US$49.93, the lowest since July 2017, and posted a 6.2 per cent slide in the previous session.
US crude was up 74 cents at US$43.27.
"I think there is a little bit of over-extension to the downside linked to global market fears," said Olivier Jakob, analyst at Petromatrix. "It's all about equities."
"OPEC has shown it wants a higher prices and is working towards that goal."

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Trade was thin due to the Christmas holidays. Asian stock markets retreated again on Wednesday. Markets in Britain, Germany and France will remain closed on Wednesday.
While economic worries have weighed, the outlook is not as weak as in 2016 when a supply glut built up, because the Organization of the Petroleum Exporting Countries this time is trying to prop up the market, Jakob said.
Concerned that a new glut could form, OPEC and its allies including Russia decided earlier this month to return to a policy of cutting production in 2019, unwinding a decision taken in June 2018 to pump more oil.
The producers' alliance, known as OPEC+, plans to lower output by 1.2 million barrels per day, of which OPEC's share is 800,000 bpd, next year, and some ministers have even suggested taking further action.

Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Singapore, said some buying interest had returned after firmer trading in US equity futures.
But, he added, economic worries will continue to weigh unless OPEC reassures the market as to the viability of the supply cuts and "even imposes deeper ones as some members have suggested".

Read more at https://www.channelnewsasia.com/new...fter-steep-slide--growth-fears-weigh-11062900

 

[whoami]

Agree. That's why Singaporeans must know vote out the greedy ones

Only 80% ceena can turn the tide against MIW. Next question is do they have the balls?

 

[ckmpd]

Only 80% ceena can turn the tide against MIW. Next question is do they have the balls?

SG guys are ball less because of NS

 

[ckmpd]

SG guys are ball less because of NS

Look at the useless Navy Admiral TCH, Army General CCS, TCJ, RSAF General NCM. They are all useless and ball less

 

[ckmpd]

All uniform men are "yes, sir'" three bags full

 

[zhihau]

Sounds a bit like a cartel to me... no, no, no... there's no price fixing.

 

[eatshitndie]

it takes quite a while for the full cycle of extraction to refinement of crude, plus the shipment to storage areas then transport to retail. while crude may be cheaper now, the gasoline that is refined and value-added with special sauces per retail supplier may have been from a much earlier batch of crude that is priced high. cannot suka suka determine price of gasoline now based on current spot price of crude. like that must as well have the fantasy of instant petroleum from crude machiam like instant noodles from wheat fields. time to extract, process, store, transport, distribute, sell is also money.

 

[ckmpd]

Sounds a bit like a cartel to me... no, no, no... there's no price fixing.

PAP claims there is no cartel and no price fixing. But Singaporeans know better

PAP claims PA is non partisan, but Singaporeans know better