Petrol Price - Justifiable?

[Zolidlim]

With the current price surge in crude, petrol prices increased as well, tagging its trend with crude.

 

For example, it surged to US$135/barrel and petrol prices was adjusted. Known it was increased twice last week. But, it came down to US$131 again, does the petrol price goes down to the former price?

 

It increase when crude surge, but never decrease when it goes down. Wat the heck?

 

If PETCO wants to adjust according to crude, wake up and do it with ethics. Dun think we Singaporeans are goldfish and has been doing that since how long ago...

[Shull]

...yada yada yada yada...

[Auron]

greedy petrol cartel have no ethics lar... they know that we will still pump petrol even if the price is $3.

[Nullifi3d]

Sadly, you like many others only can do so much while we hide behind our LCD and CRT monitors.

 

The ones that face them head-on usually die a horrible death.

[Ahliew]

agreed

[Nighthawkcity]

they wont raise it so far.. cos there is a critical amount to spend in many budgeted families mah..

so if petrol costs per month is $400, if raise to $600, still can tahan, if raise to $$1000, some will just park their cars at home. In this case, then petrol companies will not raise so much.

they will make just nice to kill all of us without us giving up the car.. hahaha we are soooooo dead..

[Popper]

When crude oil goes up, petrol moves in the same direction.

 

However when it move south, petrol firm will say there are many factors to determine the fuel price.

 

Thus no down.

[Try_conti]

"justifiable" ? To whom and why should the petcos justify their prices ?

 

they are only 'accountable' to their own pockets, and MAYBE their shareholders ......

[Tigershark1976]

well, no point to complain here. take action!!!.... follow the link below and join us!

 

http://www.mycarforum.com/forum/Others_C20...mpany_P2368851/

[Veryfree]

If Singaporeans are not goldmine, how do you explain there are so many

toyota estimas, alphard, suvs, harriers/rx300 etc on the road despite

the rising pump prices. blame on those who are spoiling the gas companies.

[Pentium]

With the current price surge in crude, petrol prices increased as well, tagging its trend with crude.

 

For example, it surged to US$135/barrel and petrol prices was adjusted. Known it was increased twice last week. But, it came down to US$131 again, does the petrol price goes down to the former price?

 

It increase when crude surge, but never decrease when it goes down. Wat the heck?

 

If PETCO wants to adjust according to crude, wake up and do it with ethics. Dun think we Singaporeans are goldfish and has been doing that since how long ago...

 

 

They will cut you, let you bleed abit. Wait a few days, let the wound heal. Then cut you again and let you bleed again. Cannot chop you one time, else you will die mah.

[Silver_blade]

Agree with 'Try-Conti'

... "justifiable" ? To whom and why should the petcos justify their prices ?

 

they are only 'accountable' to their own pockets, and MAYBE their shareholders ......

They are in a position to pretty much decide how much they can make. They are in a 'Rockets and Feathers' economy where when crude price goes up, they will raise their price very quickly (like the rocket) and when the crude price drops, their pump will be slow to react (like feathers, drift down slowly).

 

Put yourself in their position, will you stop making more money for yourself and your company? Unless the consumers/interest group/gov do something, they will continue to do what they are doing now...which is not unique to s'pore.

[Eyke]

pointless qn.

 

what can you do even if it's not?

 

only thing is not to buy petrol

Edited May 25, 2008 by Eyke

[Verve]

consider the earlier adjustment which was based on a crude price of around USD 122, although the per barrel price came down its still way higher than USD 122. In terms of percentage change its still less than what they are charging us extra.

 

i am also feeling the pinch too, but in all objectivity, unless there is a drastic change in market dynamics, the turbulent middle east situation, opec freeing up more output, there is little we can do.

 

ps i do not work for a fuel company, just an objective view.

Edited May 25, 2008 by Verve

[DarkLord]

What to do... Boycott also cannot.

[Cutebeat]

wow..caltex is hot on the list to be boycotted!

 

no wonder 1 of my relative working in 1 of the petrol company told me she got >6 months bonus.

in case anyone is thinking what is she driving,it's a BMW 5 series latest model considering she's just 28 this year.

 

anyway, i support this move!boycott the bloody suckers.

[Yaloryalor]

jus 28 yo drivin 5 series She is holding high post?

 

I dun think even at 40 yo I can afford the 5 series..

Edited May 26, 2008 by Yaloryalor

[Seaweed]

Justifiable ??? Yes....they make record profit for any company that existed....The logic is quite simple...If really its because of cost increase etc etc....then companies will not be making record profit...The key word here is "PROFIT"...IF their cost increase...I do not see why they can make record profits!!!! I believe the cost of producing a barrel of crude is still quite low...Maybe maximum USD30...Price go up because of speculation...Lots had the pocket fatten by this speculation...but this speculation is no good for the world econ as a whole....One day everything will fall apart....the fat pocket guys will not suffer but us common people...property price fall etc etc...fat pocket people will then grab properties cheap....when we common people make things good....their property price soar...and they make money again....then we common people suffer again....

 

The theory is very simple...the rich gets richer....the poor people just wait to die....imagine you have 10 million today....when properties are cheap...you put in the 10 million....in 10 years....it appreciate by 20%...your earning in 10 years is 2 million which work out to be 16666 per mth....you sell the properties....live on the 2 million and wait for the next downturn.....and the cycle begins again.... not forgettting your properties still bring you rent during the period of 10 years.....for 10 million of properties...i suppose the rent every mth will probably be at least 10000....so for every 10 million worth properties which you have...in fact you make at least 26666 every mth during the time when you still holding the properties...and 16666 every mth when you seating on them as hard cash...FANTASTIC RIGHT ??? and it the truth....