Crude Oil price down, Y nv adjust now!!

[Tubecreamer]

hey moderator, dunno why this thread in korean talk. Pai seh can help me shift to general

[Prodigysaint]

cos the cost of operation is still at US$147... hahahhaah

[JumpySpeedFiend]

For some reason, our petrol companies always buy the oil immediately when the price is going up, so no choice, have to increase price.

 

Then when oil price coming down, they seems to have lots of petrol bought at high price to clear and hence, price will only reduced at later time.

[Robo]

For some reason, our petrol companies always buy the oil immediately when the price is going up, so no choice, have to increase price.

 

Then when oil price coming down, they seems to have lots of petrol bought at high price to clear and hence, price will only reduced at later time.

 

all bollocks btw.. u listen to them crap. the only right business sense is to buy more crude to stock up when prices is down. not when price is up.

 

its clear that they wanna make a quickbuck taking advantage to up prices when crude is up. but that doesnt mean their cost is up.

 

as for the cost of refining u think they are so transparent to disclose their operating expense?

 

if their expenses are really that high they wouldnt be making billions of profit. and im talking of NP. with staffs drawing 6-12mths bonus.

 

[Robo]

also. every 5cents they reduce per litre do u know how much they lose in profit!?u go calculate 5c/l average 30ls pump per car * the total vehicles pump island wide.

 

therefore every day they remain the prices is the covering the expenses per mth. they delay for 1mth u guess how much they can cover. prolly their expenses for the entire year.

 

and this excludes the operating cost for the station it self. their income is sufficient enough to pay huge mgmt fees at the end of the yr. all the things u purchase at a high mark-up prices in the store. some rent the space out for carwash and tyre shops. so u go calculate lah. the rent can cover the wages for their 3 shift staff.

Edited August 19, 2009 by Robo

[Rickster]

Anyway, we can all forget abt price drop - at least for now.

 

The price of crude is just under US$71 / barrel as of now.