For those who have not pump petrol!!
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SINGAPORE, 27 April 2006. From 0001hrs Friday, 28 April 2006, retail pump prices for Synergy petrol and diesel at all Esso and Mobil service stations in Singapore will be increased by 10 cents a litre.
Synergy Old Pump Price New Pump Price
Fuels Inclusive of 5% GST Inclusive of 5% GST
System ($/Litre) ($/Litre)
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Synergy 8000 1.817 1.917
Synergy 5000 1.734 1.834
Synergy 2000 1.702 1.802
Synergy Diesel 1.270 1.370
Retail pump price are affected by a basket of factors including internationally-traded wholesale product prices for motor gasoline and diesel; storage, distribution and marketing costs; taxes; duties; and currency exchange rates. The above increases in pump prices are primarily due to high crude oil and wholesale product prices. Following rising crude oil prices, wholesale product prices for both motor gasoline and diesel, in this month alone, have gone up by 14%.
We continue to urge our customers to drive wisely to save on fuel cost. They may find these smart driving cartoons at our website http://www.exxonmobil.com/AP-English/News/SG_Drivingtest.asp.
We continue to offer 10% petrol discount at all Esso and Mobil service stations. Furthermore, Esso MasterCard, Esso Mobil Privilege Card, Esso Mobil Private Label Card and Mobil Easipay Card and Esso Mobil Fleet Card customers enjoy a supplementary 3% petrol discount.
In addition to these instant discounts, Smiles Members who redeem their Smiles Points for instant fuel redemption can enjoy the equivalent of an extra 4% discount.
For our diesel customers, under the Taxi Smiles Programme, taxi drivers continue to enjoy a 22% discount on Synergy diesel and earn loyalty points. Our other diesel customers also continue to enjoy 10% discount on Synergy diesel and earn Smiles points.
Additionally, Citibank Credit Card holders will also continue to enjoy an additional 3% discount on petrol and diesel purchases at Esso and Mobil service stations.
We remain committed to offering the best cash discount and competitive value to Esso and Mobil customers. While discount rates stated above are correct at the time of issue of this release, they are subject to change -
fcuk leh, everytime raise prices. one day we gonna pay $2.50 per litre for RON92 sial.
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seems like only shell and Esso draw 1st blood for the past 2 increase in price.
hope the rest dun follow suit. -
Sad to say most likely the others will just follow suit.
The justification being the horny issues with Iran. -
We Are At Their Mercy!!$@%$%$%^#$^^#%^$%&%@$%@
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VPOWER crosses the $2 barrier to $2.03 before discount. Ho-say boh
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they will follow. oligopoly market structure, unfortunately.Originally posted by casshern:seems like only shell and Esso draw 1st blood for the past 2 increase in price.
hope the rest dun follow suit. -
yesterday pump @ SPC
the guy also say pump more
today rise price -
WASHINGTON : Oil companies are again the target of US public and political anger over their record profits as prices at the gasoline pump go sky-high.
The political pressure has got so hot in the nation's capital, that US President George W. Bush on Tuesday ordered a probe into the potential manipulation of gasoline prices at fuel stations.
Meanwhile, opposition Democrats are seeking to capitalize on the price spikes ahead of November congressional elections.
"There's nothing wrong with corporate profits, and I'm all for Americans having retirement security, but does anyone think it is fair to have consumers pay 100 dollars a week to fill their fuel tanks, while the Big Energy bosses fill their bank tanks with hundreds of millions of dollars?" Senate Democratic minority leader Harry Reid asked Monday.
He was alluding to a 400-million-dollar compensation package pocketed by former ExxonMobil CEO Lee Raymond when he retired.
That was a drop in the bucket compared to the 36 billion dollars in net earnings that the number one oil giant reaped in 2005.
Consumers are stunned by prices at the gasoline (petrol) pump that have topped three dollars a gallon (3.8 liters) in some US states. While those are not record highs once adjusted for inflation, many Americans are feeling the pinch.
Since he is seen as close to the oil industry -- he worked in the industry as did his father -- Republican President George W. Bush cannot stand idly by and let the opposition Democrats lead the attack on the issue of prices at the pump.
Aside from the gasoline pricing probe, Bush also Tuesday suspended deposits into the US strategic oil reserves.
"Taxpayers don't need to be paying for certain of these expenses on behalf of the energy companies," Bush said referring to what he called "unnecessary tax breaks like the writeoffs of certain geological and geophysical expenditures, or use of taxpayers' money to subsidize energy companies research into deep water drilling."
Oil executives were called to testify before Congress after gasoline prices soared on the heels of Hurricane Katrina last year. They blamed damage to pipelines and refining infrastructure in the region, and an imbalance in supply and demand worldwide.
Dave O'Reilly, CEO of number two US oil company Chevron, also reminded senators that public national oil and gas companies control most of global output and not private firms.
"We are dwarfed in size by national oil companies such as Saudi Aramco and Russia's Gazprom," he noted.
US consumer groups charge that megamergers have reduced competition in the United States, making competition less of an issue.
The Foundation for Taxpayer and Consumer Rights in a recent report on California prices -- among the country's highest -- said the link between crude prices and the price of gasoline at the pump was questionable.
"Oil companies are opportunistically using the rising world price for crude oil as an excuse to excessively raise gasoline prices and pump up their profits, even though the spot market price for crude has gone up far more slowly than gasoline prices," said FTCR President Jamie Court.
"In addition, the spot price is higher than most oil companies pay, since they either harvest their own crude or pay more stable and often much lower contract prices," Court said.
- AFP -
can we buy tin cans to store petrol?? if not how to pump more when its already full tank!Originally posted by BufPuf:yesterday pump @ SPC
the guy also say pump more
today rise price
aiyo... -
dunno why petrol companies still can make lots of money n give high bonus to their employers despite they keep saying they no choice but have to increase fuel prices....tok cok.....
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convert yr petrol tank to lorry tank..Originally posted by tiggersgd:can we buy tin cans to store petrol?? if not how to pump more when its already full tank!
aiyo...
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go malaysia jialat... 3/4 rule, one pump $100 gone before u step in...Originally posted by CPL:convert yr petrol tank to lorry tank.. -
170 litres per pumpOriginally posted by CPL:convert yr petrol tank to lorry tank.. -
Let me enlighten u to the ways of why petrol prices go up and why they REALLY dun earn much. Petrol station not as money hungry as u guys think it is.Originally posted by dcx:dunno why petrol companies still can make lots of money n give high bonus to their employers despite they keep saying they no choice but have to increase fuel prices....tok cok.....
1) u gotta blame China n India.. coz they keep bidding for the oils n making SG n Malaysia n the rest of SoutEast Asia bid to compete.. China n India is sucking in alot of the petrols ppls... maybe a lil on the war on iraq n shiet.. but that is just minor.
2) Petrol barrels become more expensive.. refineries have to refine the petrol at higher cost, then they sell to dealers of respective Petroleum companies at a higher price but the margin of profit still stays the same.. MEANING.. dealers have to pay MORE for the same amount of LTRES they order in. Yes.. dealers lose out.. imagine big stations ordering 10000 to 20000 litres a day.. how much more money they have to put in.
3) No tok kok... unless they say they not earning at all.. Dealers earn 3 to 8 cents per litre ranging from ur Super u97 to Diesel.. Imagine some dude comes in pump 20 dollar.. uses credit card. Credit card charges 3 cents per transaction, n telekom 5 cents every dial in... in the end.. station has to lose money n even re-imburse.
just my two cents worth.
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Just in case you dunno.. not all employes in petroleum industry are getting fat bonus.. theer are 2 kind of business one is call upstream which do exploration and production.. and2nd kind call downstream which sell to end users..Originally posted by dcx:dunno why petrol companies still can make lots of money n give high bonus to their employers despite they keep saying they no choice but have to increase fuel prices....tok cok.....
onli upstream employees get fat bonus.. and downstreambusiness are getting squeezed!
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petrol companies all collaborate with each other one.
one rise all rise, one cut all cut.
price all the same, only difference is the discount and promotion they offer. -
By the way, can anyone confirm whether the MY govt is officially going ahead to milk SG drivers RM20 per entry starting next Monday?Originally posted by nick34:170 litres per pump 
Dun understand yr "170 litres per pump" leh.. > -
no choice wat.Originally posted by digicharat:petrol companies all collaborate with each other one.
one rise all rise, one cut all cut.
price all the same, only difference is the discount and promotion they offer.
u drop, i dun drop, i lugi business to u.
u rise, i dun rise, margin so tight, no choice. people still have to pump petrol.