Singapore's Petrol Price

[ckmpd]

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.

Look at how fast the oil companies raise petrol price when crude oil price goes up. Look how they drag their feet when crude drops 40%

 

[Hypocrite-The]

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

PAP claims PA is non partisan, but Singaporeans know better

Bcos the cartel is the PAP

 

[ckmpd]

Bcos the cartel is the PAP

I agree that the trouble with SG is that the govt tries to maximise profits at the expensive of citizens. Govt shd never be in business. But look at GIC and TH