Slowwalker Clutched June 25, 2008 Author Share June 25, 2008 thinner ?? i left with nothing liao.... ↡ Advertisement Link to post Share on other sites More sharing options...
Mzrmazda3 6th Gear June 25, 2008 Share June 25, 2008 My bottom feels 'Lang Lang' one ... Hey, where's my Lai Kor Link to post Share on other sites More sharing options...
inlinesix Hypersonic June 25, 2008 Share June 25, 2008 I don't know what is the refining cost & biz overhead cost. My calculation is based on what i know. Link to post Share on other sites More sharing options...
Duvall 1st Gear June 25, 2008 Share June 25, 2008 I'm sure everyone will agree with you that the FOREX difference makes up for the other 50%... hahaha.... I am sure you also know that the oil refiners and retailers actually buy up their own shares when they foresee crude going down. Because lower crude prices gives them more profit than higher crude price. I never said they paid for the difference. I meant that they are passing down lesser to the retail consumers in order not to cannibilise demand. Crude oil prices has gone up more than 100% since last year. But our pump prices increased about 50%+.... who PAID for the rest?? You are not correct here. The reason why the fuel prices did not increase 100% like crude oil prices is because there is also a gain in the foreign exchange rate where the SGD has also gone stronger compared to the USD. Crude oil is deal in USD but it is sold here in SGD. So there is already a margin gain in forex by the local pump companies. Surely you are not that naive to think that the pump companies are so kind to pay for the difference right? Link to post Share on other sites More sharing options...
Girl_powerful Neutral Newbie June 25, 2008 Share June 25, 2008 How to continue driving with petrol keep increasing... :( $$$ not enough! Link to post Share on other sites More sharing options...
Duvall 1st Gear June 25, 2008 Share June 25, 2008 (edited) How to continue driving with petrol keep increasing... :($$$ not enough! Do you know how many people in other countries has work but can't go to work. Not because they don't want to. But the cost of fuel and expenses to go to work is more than their daily wages. We have no idea how fortunate we are. My friend in South Africa has to travel more than 150km and 1.5hrs per direction each day to get to and from work. And public transport isn't even an option! We should all stop bitching about it and evolve accordingly.... Change to a workplace closer to your home. Drive slower. Use thinner engine oil. Car-pool. Eat & spend less lavishly.... etc... the alternatives are plenty. The variable in the equation is YOU. Edited June 25, 2008 by Duvall Link to post Share on other sites More sharing options...
Ccssgm 1st Gear June 25, 2008 Share June 25, 2008 Petrol prices up by 5 cents; Diesel prices rise 10 cents JUST one month after prices were last increased, petrol pump prices were on the move again. Petrol prices at Caltex, ExxonMobil and Shell were upped by 5 cents a litre, while diesel prices rose by 10 cents to $1.933. The latest increases bring the price of a litre of92-octane fuel to $2.203 before discount, 95-octane to $2.236 and 98-octane to $2.31. As of press time, the Singapore Petroleum Company was the only remaining pump operator not to have raised pump prices. Yesterday Link to post Share on other sites More sharing options...
Jeffang Neutral Newbie June 25, 2008 Share June 25, 2008 which analysts have predicted that?? i only read news say by end of the yr will be close to US$200/barrel very true, want to blame, blame the oil speculators, they are the main culprits contributing to US$140/barrel, if it falls back to US$100/barrel by the end of the year like most analysts have predicted, most likely the cartel here will reduce the pump price.. Link to post Share on other sites More sharing options...
Ahwhye 6th Gear June 25, 2008 Share June 25, 2008 ... Crude oil prices has gone up more than 100% since last year. But our pump prices increased about 50%+.... who PAID for the rest?? your statement machiam we are like pumping crude at petrol station leh. crude-->pump involves alot other things like refinery, transportation, business overhead/mark-up etc which "added value" along the ways. All these, and the exchange rate differences as pointed out by bro Starry, explains the 100%/50% thingie. Hope you now have some idea on it.... Link to post Share on other sites More sharing options...
Gh05tss Neutral Newbie June 25, 2008 Share June 25, 2008 Yea, Abraham's decendents will be blessed with the milk and honey of the land. Having Oil is a Blessing and is a Curse as well. Link to post Share on other sites More sharing options...
Acemundo Supercharged June 25, 2008 Share June 25, 2008 wah so Shell faster than E&M this time round..... Link to post Share on other sites More sharing options...
Ncss Clutched June 25, 2008 Share June 25, 2008 Diesel shoot so fast... soon public transport will also increase Link to post Share on other sites More sharing options...
Hiphiphoray 6th Gear June 25, 2008 Share June 25, 2008 OMG!!!!!...Diesel now costs : $1.933 per ltr. Link to post Share on other sites More sharing options...
Mivec69 Neutral Newbie June 25, 2008 Share June 25, 2008 Petrol prices up by 5 cents; Diesel prices rise 10 cents JUST one month after prices were last increased, petrol pump prices were on the move again. Petrol prices at Caltex, ExxonMobil and Shell were upped by 5 cents a litre, while diesel prices rose by 10 cents to $1.933. The latest increases bring the price of a litre of92-octane fuel to $2.203 before discount, 95-octane to $2.236 and 98-octane to $2.31. As of press time, the Singapore Petroleum Company was the only remaining pump operator not to have raised pump prices. Yesterday Link to post Share on other sites More sharing options...
Calvin53 Neutral Newbie June 25, 2008 Share June 25, 2008 disel $1.933 can pump last yr's v-power liao.. yesterday drive past shell and see the board, nearly fainted and buang , but bo bian. already got the feeling they will up the price as last feew weeks nv up liao. Link to post Share on other sites More sharing options...
Friendstar Supercharged June 25, 2008 Share June 25, 2008 if u really had buang u'll feel the insurance premium pain more than petrol prices lol Link to post Share on other sites More sharing options...
Maxus-MIFA9 Supersonic June 25, 2008 Share June 25, 2008 wah so Shell faster than E&M this time round..... so someone cannot blame Cowtex is always the first one to increase prices.... Link to post Share on other sites More sharing options...
Yaloryalor 5th Gear June 25, 2008 Share June 25, 2008 No news on the avoid certain brand of petrol? ↡ Advertisement Link to post Share on other sites More sharing options...
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