Pump prices this afternoon (9 July 2008) at 1.30pm have been reduced by 4 cents a litre.
Current amount to get my tank to a full tank - $138.00.
This reduction amount was based on the oil price in the beginning of June. (June futures contract for delivery in July).
Expect another reduction soon in the coming month as oil prices tumbled US$6.00.
Slightly good news for us.
which company? shell or caltex?
All petrol companies have reduced their prices.
uhh.. a few days ago, they increased it by 5¢
wooo..wee.......shall we pop the champagne?
oops, i forgot i sold my car 2 weeks ago. bummer.....
Well yes - they raised it over the past weekend by 5 cents but a reduction at least does show that they're not over profiteering.
Also - it's good to hear at least there's some sort of stabilization in the price due to a price drop for light sweet crude futures contracts.
Better to have it reduced then seeing it climb right? :)
Fell? Last checked this evening, prices are up again. $2.40 at Shell! $120 for 3/4 tank.
Prices are still at $2.246 (UL95) since the drop which took place on Wednesday.
pump prices are down again!
4cents petrol. 2 cents diesel.
Hmm,4 cents?I thought 10 cents is more justified
Originally posted by sinicker:pump prices are down again!
4cents petrol. 2 cents diesel.
heng nv pump yday...
Prices should hold steady for a while now.
Futures price at US$135 now, up from US$133 earlier this evening.
down another 4 cents so its 8 cents down in all. Prepare for a 10 cents increment soon haha.
Pump prices are tagged to crude oil futures on NYMEX and there is no basis for any increment should pump prices continue to tumble; so your statement holds no stance.
Futures have dropped further to US129.84 and pump prices should see another drop between 3-4 cents a litre relatively soon.
Unless crude oil pushes its way through US145 again, local pump prices should stay stable.
July 18, crude oil is now @ $128.88 per barrel.
So all is to expect another petrol price drop again in the coming days.
Prices across all types of petrol have dropped by 4 cents and diesel, 2.
This brings petrol prices to April-May prices of $2.164.
Current futures crude at US$128.99.
A drop to $US127.00 should see another reduction.
Sorry - forgot to mention that it applies to all stations except SPC as of 21 July.
Light sweet crude at US$127.30 now.
Lets hope that the economical factors come together and work in our intended direction so that crude inflation will once again either stabilize or deflate.
Petrol prices drop once again on news of stockpile surplus in the United States.
Retailing price for UL95 is now at SGD2.134 after a 3 cent reduction.
Current futures at US$124.XX.
Cheers everyone!
Wa...tmr i going to pump...good good.
crude oil increase by a few dollars, petrol price increases by double digits cents......
crude oil drop by a few dollars, petrol price decreases by single digit cents.......
So, since crude oil price dropped by double digits dollars, should the MRT/Buses/Taxi fares reduce?????
Based on my driving experience, I have never seen a double digited price increase. The highest so far I had seen was a 6 cent increase sometime in May-June when record oil prices kept topping the chart.
At least the petrol companies are doing something to keep their pump prices as realistic and in tandem with world market conditions.
It would be a little difficult for me to comment on public transportation's pricing but perhaps I could do a little justification for why such fares have been on the rise.
Crude oil had nearly increased by 100% in July as compared to the same period as the last and that public transportation companies only have the opportunity to propose fare amendments once a year as compared to petrol companies which have the jurisdiction to allow their pump prices to move in tandem with market conditions.
There are other reasons - but the way public and private listed companies operate, well, a monopolisation of the mass market is always bad.
Not just here, but evident elsewhere in the world.
Pump prices across all pump types are down by 10 cents.