Results 1 to 16 of 16

Thread: Petrol companies exploiting the opportunity

  1. #1
    Senior Member UncleFai's Avatar
    Join Date
    Mar 2010
    Location
    Singapore
    Posts
    4,429

    Default Petrol companies exploiting the opportunity


  2. #2
    Member
    Join Date
    Nov 2012
    Location
    singapore
    Posts
    538

    Default Re: Petrol companies exploiting the opportunity

    Sorlee lo.. its a kind reminder to the petrol companies to justify.. In the end it will be justified. . Ie.. The same argument that they hedge against the oil prices.. etc etc.. its a wayang "I scratch your back, you scratch mine" scenario... Although I hope I'm wrong.. ahhaha.

  3. #3
    Senior Member SilverPine's Avatar
    Join Date
    Jul 2007
    Location
    Singapore
    Posts
    4,539

    Default Re: Petrol companies exploiting the opportunity

    Talk about the petrol price, in Malaysia for 97 unleaded petrol current price is RM 2.00 per litre for Singapore registered cars. The petrol price different between two countries just too great, in the past petrol companies had mention many time that the high cost of land and labour had contributed to the high petrol price in Singapore.
    Canon 5D II, 20-35 f/2.8L, 28-80 f/2.8L, 70-200 f/4L IS, 100-300 f/5.6L, 100 f/2.8 Macro

  4. #4

    Default

    Not only petrol price didn't drop much now the petrol tax is going up.... Great business !!
    Last edited by airfins; 25th February 2015 at 07:42 PM.
    Canon 30D, G11, 50 f1.8II, 10-22 f3.5-4.5, 24-70 f2.8L, 70-200 f2.8L IS, EX580II

  5. #5

    Default

    Quote Originally Posted by SilverPine View Post
    Talk about the petrol price, in Malaysia for 97 unleaded petrol current price is RM 2.00 per litre for Singapore registered cars. The petrol price different between two countries just too great, in the past petrol companies had mention many time that the high cost of land and labour had contributed to the high petrol price in Singapore.
    IMHO we shouldn't bring Malaysia into the discussion as their fuel prices were previously subsidized, and now using a managed float approach. Local pump prices are largely in line with other countries without fuel subsidies.
    Last edited by trd2970; 25th February 2015 at 05:41 PM.

  6. #6

    Default

    Latest article. Shell drops price by 2cents/litre
    http://www.straitstimes.com/news/sin...litre-20150225

  7. #7
    Senior Member UncleFai's Avatar
    Join Date
    Mar 2010
    Location
    Singapore
    Posts
    4,429

    Default Re: Petrol companies exploiting the opportunity

    Quote Originally Posted by trd2970 View Post
    IMHO we shouldn't bring Malaysia into the discussion as their fuel prices were previously subsidized, and now using a managed float approach. Local pump prices are largely in line with other countries without fuel subsidies.
    http://www.globalpetrolprices.com/gasoline_prices/

  8. #8

    Default Re: Petrol companies exploiting the opportunity

    raise price fast fast .. reduce price slow slow and not at the right level somemore ... sad

  9. #9

    Default Re: Petrol companies exploiting the opportunity

    A good one by the government. As we thought that we could save some dollars at the gasoline stations given the plunged of world oil price, the government suddenly decided to raise the petrol tax. The petrol prices have raised back to the normal levels given the tax hike. If global oil price rebounded back to US$80 and above in the coming months, we will see further upwards in petrol prices.

    The petrol tax hike is one of the best tax revenues by the government as it will affect everybody. Those who don't drive think that the raising petrol prices will have no impact on them are too naive.

  10. #10
    Senior Member UncleFai's Avatar
    Join Date
    Mar 2010
    Location
    Singapore
    Posts
    4,429

    Default Re: Petrol companies exploiting the opportunity

    Quote Originally Posted by Jedi View Post
    The petrol tax hike is one of the best tax revenues by the government as it will affect everybody. Those who don't drive think that the raising petrol prices will have no impact on them are too naive.
    http://www.todayonline.com/voices/re...ty-hikes-sound

  11. #11
    Moderator daredevil123's Avatar
    Join Date
    Oct 2005
    Location
    lil red dot
    Posts
    21,627
    Blog Entries
    1

    Default Re: Petrol companies exploiting the opportunity

    Wow... "owning a car is a priviledge not a right"

  12. #12
    Senior Member Big Kahuna's Avatar
    Join Date
    Dec 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    2,127

    Default Re: Petrol companies exploiting the opportunity

    The effectiveness of our carbon tax is questionable.....I just feel as a city state...gov should do more to promote...or even mandate public transport operators to use clean renewable energy as they generally hogging our road the most......I've took electric buses in San Franciscoc...0 carbon emission....quiet...air conditioned and as comfortable......that was many years back.....I am not sure about the upfront and operation cost....but at the very least....the gov should show us some feasibility study rather than simply awarding another new fleet in diesel engine

  13. #13

    Default

    What carbon tax ... Tax the Haze then, it's is slowly killing us in an yearly assault. Carbon Tax is just another excuse to make money
    Canon 30D, G11, 50 f1.8II, 10-22 f3.5-4.5, 24-70 f2.8L, 70-200 f2.8L IS, EX580II

  14. #14
    Member Bukitimah's Avatar
    Join Date
    Nov 2010
    Location
    Singapore
    Posts
    1,261

    Default Re: Petrol companies exploiting the opportunity

    I just hope major changes can be made to the way we pay for basic commodities like rice, petrol, sugar, etc.

    Government should control such prices and should there be adjustment, it should be through tax and not for retailer to jack up based on how they compute like the case of petrol. These idea of leaving free market is not working in singapore because in our case, most are monopolised by a few players. NTUC and POSB are now also part of the players.

  15. #15
    Moderator daredevil123's Avatar
    Join Date
    Oct 2005
    Location
    lil red dot
    Posts
    21,627
    Blog Entries
    1

    Default Re: Petrol companies exploiting the opportunity

    Quote Originally Posted by Bukitimah View Post
    I just hope major changes can be made to the way we pay for basic commodities like rice, petrol, sugar, etc.

    Government should control such prices and should there be adjustment, it should be through tax and not for retailer to jack up based on how they compute like the case of petrol. These idea of leaving free market is not working in singapore because in our case, most are monopolised by a few players. NTUC and POSB are now also part of the players.
    Many of us think like you do. But will our govt do it? Just look at history...

    Monkey see monkey do.

  16. #16

    Default

    There are already various mechanisms and disincentives in place to curb car ownership and usage.
    Ownership-hefty import duties, COE
    Usage-ERP, petrol duties

    With the ERP already in place to regulate overall usage to prevent confections, why is there a need to still touch the petrol duties?

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •