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17-01-2016, 10:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
In 2008, when the crude oil prices soared to a high of US$147 ($216) per barrel, oil companies in Singapore reacted quickly and raised the price of petrol to an average of $2.20 per litre for 95-octane petrol.
The price of oil per barrel has tumbled to below US$30 today, or by more than 80 percent, but pump price of petrol have dropped only 14 percent. The average price for Octane 95 fuel is now at an average of $1.90.
The Consumers Association of Singapore (CASE) was also concerned about the retail pump price of petrol and in December 2015, had written in to the four major retailers here asking why their prices have not kept pace with the downward trend of crude oil prices.
http://theindependent.sg/petrol-pric...lish-response/ (http://theindependent.sg/petrol-prices-oil-companies-refused-to-allow-mp-to-publish-response/)
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?223556-Petrol-prices-–-Oil-companies-refused-to-allow-MP-to-publish-response&goto=newpost).
In 2008, when the crude oil prices soared to a high of US$147 ($216) per barrel, oil companies in Singapore reacted quickly and raised the price of petrol to an average of $2.20 per litre for 95-octane petrol.
The price of oil per barrel has tumbled to below US$30 today, or by more than 80 percent, but pump price of petrol have dropped only 14 percent. The average price for Octane 95 fuel is now at an average of $1.90.
The Consumers Association of Singapore (CASE) was also concerned about the retail pump price of petrol and in December 2015, had written in to the four major retailers here asking why their prices have not kept pace with the downward trend of crude oil prices.
http://theindependent.sg/petrol-pric...lish-response/ (http://theindependent.sg/petrol-prices-oil-companies-refused-to-allow-mp-to-publish-response/)
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?223556-Petrol-prices-–-Oil-companies-refused-to-allow-MP-to-publish-response&goto=newpost).