Finally our Petrol prices fell!

[Kaixing]

Fast to increase slow to reduce...

 

At least they are human enough to lower down the prices.

 

Tue, May 18, 2010

AsiaOne

By Tony Ng

 

PUMP prices fell by four cents last night.

 

A litre of 92- and 95-octane petrol now costs $1.777 and $1.837 respectively. A litre of 98-octane petrol goes for $1.920.

 

The price of diesel remains unchanged at $1.333

 

According to a Straits Times report, Esso made the first move in reducing its prices by four cents a litre. This was followed by Singapore Petroleum Co and Caltex. Shell was the last to adjust prices at 7pm.

 

The reduction in pump prices come after a dip in oil prices that occurred at least a week ago.

 

An AsiaOne reader, sukhoi27, has been monitoring crude oil futures since a week ago.

 

sukhoi27 noted that since crude was down as much as 14.5 per cent within one week, oil companies should be making price adjustments.

 

[Quekahwhye]

Don't be happy. Is their stepping stone to increase.

[Jamstart]

This petrol thingy always play alongside with the share market. If they down, market down, or if market up, oil up. So which would you prefer?

Edited May 19, 2010 by Jamstart