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New petrol company Sinopec in SG.. lower prices coming?

Theoldjaffa

By Theoldjaffa,
in General Car Discussion

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Enye

Enye

Hypersonic

"Oil consultant Ong Eng Tong said: "Most of the oil majors would like to divest their petrol stations. First, it is not their priority, and second, (it is due to) the coming of electric vehicles in the not-too-distant future."

 

this guy for real?

 

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Matrix0405

Matrix0405

5th Gear

"Oil consultant Ong Eng Tong said: "Most of the oil majors would like to divest their petrol stations. First, it is not their priority, and second, (it is due to) the coming of electric vehicles in the not-too-distant future."

 

this guy for real?

 

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Battledome64

Battledome64

3rd Gear

This threat is real. With a stable no of cars and increased no. of hybrids on Sin roads, Has the total vol petrol sold decreased? 5yr from now, probably 50% of new car sold are hybrid cars.

Why hybrid cars dont specify battery capacity; like power banks?

This is the reason why petrol prices go up unjustified
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Theoldjaffa

Theoldjaffa

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This is the reason why petrol prices go up unjustified

Sinopec is known for slashing prices at HKG. I wonder if they will do the same here too.

 

Then again, will Singaporeans shun Sinopec because it is from China and their petrol will be deemed as "inferior"

 

Will they have a rewards Program or will they follow SPC and just give no frills discount?

 

I just find it interesting that they wanna come in where others like BP went out.

 

Oh and I kinda miss BP too. Sound so atas!

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Terrylmt

Terrylmt

Supercharged

Sinopec is known for slashing prices at HKG. I wonder if they will do the same here too.

 

Then again, will Singaporeans shun Sinopec because it is from China and their petrol will be deemed as "inferior"

 

Will they have a rewards Program or will they follow SPC and just give no frills discount?

 

I just find it interesting that they wanna come in where others like BP went out.

 

Oh and I kinda miss BP too. Sound so atas!

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Enye

Enye

Hypersonic

This threat is real. With a stable no of cars and increased no. of hybrids on Sin roads, Has the total vol petrol sold decreased? 5yr from now, probably 50% of new car sold are hybrid cars.

Why hybrid cars dont specify battery capacity; like power banks?

ok so we have silly oil majors ( even a new player coming in) paying $50 million to lease land for 30 years to retail petrol in the wake of decreasing petrol demand in the next 5 years

 

 

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Theoldjaffa

Theoldjaffa

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Bolehland still have right? I seem to remember seeing a few during my previous trips

 

Dunno, I go Malaysia like once or twice a year only
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Kb27

Kb27

Supersonic

If Sinopec builds a station at Yishun Ave 1, and sells cheap, I'll definitely go there and pump.

 

Then it will follow by cheap petrol is lousy petrol comments. [laugh]

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Albeniz

Albeniz

Turbocharged

If Sinopec builds a station at Yishun Ave 1, and sells cheap, I'll definitely go there and pump.

 

Then it will follow by cheap petrol is lousy petrol comments. [laugh]

Cheap petrol is lousy petrol?

 

I have no such worries, I am driving a lousy car anyway.

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Atonchia

Atonchia

Supersonic

If Sinopec builds a station at Yishun Ave 1, and sells cheap, I'll definitely go there and pump.

 

Then it will follow by cheap petrol is lousy petrol comments. [laugh]

If one station it's not going to make any difference.

 

If at least 15 station spread geographically over SG, maybe when they slash prices, the other cartel will follow.

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Kusje

Kusje

Supersonic

If one station it's not going to make any difference.

 

If at least 15 station spread geographically over SG, maybe when they slash prices, the other cartel will follow.

Don't have too much hope. If petrol prices and margins go down too much, govt will take the chance to increase petrol tax again.
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Nlatio

Nlatio

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aiya you all listen to the sexpert.... they saying its not about the Petrol stations now.... its more of a political reason and for the future.... they wanna plant the flag now.... later dump price and kill off competition.... ho say.... little red dot don't suck the PRC ass.... Petrol price more expensive than gold!!!  [lipsrsealed]  [rolleyes]  

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Atonchia

Atonchia

Supersonic
(edited)

aiya you all listen to the sexpert.... they saying its not about the Petrol stations now.... its more of a political reason and for the future.... they wanna plant the flag now.... later dump price and kill off competition.... ho say.... little red dot don't suck the PRC ass.... Petrol price more expensive than gold!!! [lipsrsealed][rolleyes]

If they covert 15 Shell to Sinopec.

Then Chinese state own petrol companies will have bigger presence in Singapore.

 

Total 40 SPC + 15 Sinopec = 55

Shell 62-15= 47

Esso = 58

Caltex=26

 

Dutch is 47

Chinese is 55

American is 84

So USA still bigger

Edited by Atonchia
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Andyngps

Andyngps

5th Gear
(edited)

ok so we have silly oil majors ( even a new player coming in) paying $50 million to lease land for 30 years to retail petrol in the wake of decreasing petrol demand in the next 5 years

 

ð

Wash money.....but seriously i do not see how does this make petrol cheaper. All along its a cartel in SG unlike other countries...SG only fight on discounts and loyalty cards... Edited by Andyngps
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Atonchia

Atonchia

Supersonic

By the way.

BYD electric car is Chinese state own company right?

 

Maybe these stations will have electric charging points in few more years.

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Ysc3

Ysc3

Twincharged

Sinopec is known for slashing prices at HKG. I wonder if they will do the same here too.

 

Then again, will Singaporeans shun Sinopec because it is from China and their petrol will be deemed as "inferior"

 

Will they have a rewards Program or will they follow SPC and just give no frills discount?

 

I just find it interesting that they wanna come in where others like BP went out.

 

Oh and I kinda miss BP too. Sound so atas!

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Kusje

Kusje

Supersonic

Wash money.....but seriously i do not see how does this make petrol cheaper. All along its a cartel in SG unlike other countries...SG only fight on discounts and loyalty cards...

 

Chinese stateowned company leh? How to wash money...

By the way.

BYD electric car is Chinese state own company right?

 

Maybe these stations will have electric charging points in few more years.

 

Tiagong some of these chinese state own oil companies..... Their office buildings already have electrical charging points for cars.

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