Oil at $86 now...Petrol cartel so quiet?

[Dankoo]

When going up...they react so fast...now when it is stabalising below $90..all so quiet...

[Albeniz]

Your nickname has already provided the answer.

 

Q: Petrol to reduce price?

A : Dan Koo Koo (Wait long long)

[Dankoo]

[J96949]

I think someone had given the reason in another thread sometime ago.

Though the price is at $86 now, the petrol u pump NOW was bought sometime ago.

I mean the system dun work like fish market whereby u buy now, sell to the market on the same day.

 

So, bear with it. . . wait...

[Hiphiphoray]

I hope MY can sell thier RON97 at under RM1.92.

[Kiatmobile]

Oh...is that so....

 

But looking at the rate of consumption, it should be FAST.....

[Seanboi]

when ppl are still pumping at the stated price and they are making $, u tink they will be so kind to reduce the price?

[Ad23]

That's a good one bro! HAHAHAHAHA!!!

[Mzrmazda3]

When going up...they react so fast...now when it is stabalising below $90..all so quiet...

 

Some Bro had mentioned in the other post that they based on the buying price 3 months back one and hence are we looking at some drop in prices for our pump these coming weeks???

[Redfoxx]

if 3 mths then revise pump price, then how come last year end petrol kiosks raise price once a mth, at mth end?

 

if the above is true, then i will see happy faces on motorists this coming mth end.

Edited January 24, 2008 by Redfoxx

[Megalord]

Can we then expect the reverse, where the price hike is delayed for a number of months, since the current reserve is obtained months back?

Maybe i am mistaken, but i do note that the price hike is time wise very closely related to the rise of the current oil prices.

[Dankoo]

Ya...I know that we are buying for delivey in 3mths but as you can see...when price goes up, they quickly hike it...meaning you are buying at a price that they paid lesser now. But when price goes down...they will use this reason that price is for 3mths later to delay price reduction....

[Patcheon]

When come to dropping of prices, they look at prices 3 month back. But when come to increasing in prices, they seems barely look 3 days. Haiz...

Edited January 24, 2008 by Patcheon

[Kb27]

The cartel is waiting for the oil price to go back up, so they don't have to keep changing price.

In the meantime, it's make hay while the sun shines.

[Albeniz]

If the oil price remains consistently lower than $90 for a few weeks, I would expect to see gas station giving out greater discounts, although the displayed price/liter will remain the same.

[Mzrmazda3]

if 3 mths then revise pump price, then how come last year end petrol kiosks raise price once a mth, at mth end?

 

if the above is true, then i will see happy faces on motorists this coming mth end.

 

It's always 'Up' very fast but 'Down' freaking slow ....

Edited January 24, 2008 by Mzrmazda3

[Mzrmazda3]

Always the case ...

[Ahbengdriver]

$100 per barrel >>>>$86 per barrel

 

1 litre of V power >>> how many cts drop?

Edited January 24, 2008 by Ahbengdriver