Page 1 of 3 123 LastLast
Results 1 to 20 of 46

Thread: Pump prices increase by five cents!!!

  1. #1
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Exclamation Pump prices increase by five cents!!!

    By Vimita Mohandas, Channel NewsAsia | Posted: 28 November 2007 2148 hrs

    All four oil companies - Shell, Caltex, ExxonMobil and Singapore Petroleum Company (SPC) - have increased pump prices for petrol and diesel by five cents.

    Shell was the first to raise pump prices at 8am on Wednesday, followed by Caltex at 10am and then ExxonMobil and SPC at 4pm.

    In the past 11 months, the price of petrol has shot up nine times and twice just in this month alone.

    The price for 98-octane petrol, used mostly in luxury cars, was relatively stable from January to March, at S$1.637 per litre.

    But from April, it jumped thrice to reach S$1.84 in July and increased to S$2.03 in early November. It now costs S$2.08 a litre.

    The oil companies said they increased pump prices to reflect current market conditions caused by higher crude oil prices.

    Various reasons may cause a hike in pump prices such as local market conditions, rising cost of crude oil, forces of supply and demand, competition and government regulation.

    The price of crude oil has steadied around US$94 a barrel on Wednesday after hitting record high levels last week.

    New York's benchmark contract had climbed close to the historic level of US$100 last week, reaching a peak of US$99.29 on concerns over tight supplies. - CNA/vm

  2. #2

    Default Re: Pump prices increase by five cents!!!

    prob by next year we'll see the per barrel price raise to US$120... time to look into solar cars liao...
    P&S: Sony U20, Pana-leica FZ5, Canon S90, Pana DMC-T3
    SLR: Nikkor F60, Oly E-510, Oly E-5

  3. #3
    Senior Member felixcat8888's Avatar
    Join Date
    May 2005
    Location
    Singapore, Singapore, Singapor
    Posts
    9,147

    Default Re: Pump prices increase by five cents!!!

    Time to get rid of car liao
    Pentaxian for Life
    K1, KP, FA*28-70/2.8, FA31, 43 & FA77 Limiteds, K85/1.8, FA*200/2.8, A50/1.2



  4. #4
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Default Re: Pump prices increase by five cents!!!

    Quote Originally Posted by felixcat8888 View Post
    Time to get rid of car liao
    Maybe can change into a hybrid lor...... green n friendly

  5. #5

    Default Re: Pump prices increase by five cents!!!

    How much is it over the Causeway?
    Last edited by ceecookie; 29th November 2007 at 04:27 PM.

  6. #6
    Senior Member
    Join Date
    Aug 2004
    Location
    Punggol 21
    Posts
    967

    Default Re: Pump prices increase by five cents!!!

    not only that, our neigbours are raising the entry fee from jan 1st next year...

    If SG motorist boycott petrol stations here, do u think they will lower the prices? Sick and tired of the cost of living rising faster than the economy..

  7. #7
    Moderator ortega's Avatar
    Join Date
    Nov 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    23,686
    Blog Entries
    7

    Default Re: Pump prices increase by five cents!!!

    ride a bicycle

  8. #8

    Default Re: Pump prices increase by five cents!!!

    My next car will be a hybrid

  9. #9
    Member
    Join Date
    Aug 2004
    Location
    Singapore
    Posts
    156

    Default Re: Pump prices increase by five cents!!!

    Quote Originally Posted by Sjourn View Post

    If SG motorist boycott petrol stations here, do u think they will lower the prices?

    Unlikely......your car is at the mercy of the petrol stations. Irregardless, your car still need to be fed. Your only choice is to either stop using the car for awhile till oil prices comes down or sell it away.

  10. #10

    Default Re: Pump prices increase by five cents!!!

    Maybe horses will come back in fashion...

  11. #11
    Senior Member Big Kahuna's Avatar
    Join Date
    Dec 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    2,127

    Default Re: Pump prices increase by five cents!!!

    Quote Originally Posted by Inimatad View Post
    My next car will be a hybrid
    What if the battery spoilt after some years?

  12. #12
    Senior Member
    Join Date
    Jul 2002
    Location
    Planet Eropagnis
    Posts
    2,944

    Default Re: Pump prices increase by five cents!!!

    Petrol Pump Price Prediction for June 2008

    Shell 95: $2.20
    Shell 98: $2.50
    VPower: $2.80

    Ditch the private transport if its not a necessity. Taxis and Public Transports to go.
    Cost of living is going up, save every damn cent.

  13. #13
    Senior Member Big Kahuna's Avatar
    Join Date
    Dec 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    2,127

    Default Re: Pump prices increase by five cents!!!

    Quote Originally Posted by jsbn View Post
    Petrol Pump Price Prediction for June 2008

    Shell 95: $2.20
    Shell 98: $2.50
    VPower: $2.80

    Ditch the private transport if its not a necessity. Taxis and Public Transports to go.
    Cost of living is going up, save every damn cent.
    Looking at this, the $7500 price tag on a D3 is like a bargain now

  14. #14

    Default Re: Pump prices increase by five cents!!!

    Heng luckily i sold away my car many years back. But it still affect me cause the public transportation cost is quite high too. Still feeling the pinch anyway.

  15. #15
    Senior Member
    Join Date
    Apr 2005
    Location
    270 degree of Singapore
    Posts
    6,741

    Default Re: Pump prices increase by five cents!!!

    Quote Originally Posted by Big Kahuna View Post
    What if the battery spoilt after some years?
    Should be able to replaced it with new battery, not sure about the cost though.
    Sony Alpha 700 hobbyist

  16. #16

    Default Re: Pump prices increase by five cents!!!

    it's already been proven that our cars can use used cooking oil for fuel. start thinking about that

  17. #17

    Default Re: Pump prices increase by five cents!!!

    dont know if you guys see this trend, but seems like the papers are reporting about *SOMETHING* increasing in price.

    our future really looks bleak, but our leaders are still saying about more good years ahead...

  18. #18

    Default Re: Pump prices increase by five cents!!!

    Quote Originally Posted by garou12 View Post
    it's already been proven that our cars can use used cooking oil for fuel. start thinking about that
    yea.

    the all new koenigsegg CCX-R Special Edition.

    Biofuel powered, 1018 horse power.

    and looks freaking sleek

    http://www.dailytech.com/article.aspx?newsid=9784


  19. #19
    Senior Member
    Join Date
    Jul 2002
    Location
    Planet Eropagnis
    Posts
    2,944

    Default Re: Pump prices increase by five cents!!!

    Quote Originally Posted by rickygck View Post
    Heng luckily i sold away my car many years back. But it still affect me cause the public transportation cost is quite high too. Still feeling the pinch anyway.
    Public transport? High?

    If u're taking buses all the way, compared to an average cost of private transport abt $1.2K/mth, u can save upto 90%.
    If u're taking taxis all the way, compared to an average cost of private transport abt $1.2K/mth, u can save upto 10 to 20%.

  20. #20

    Default Re: Pump prices increase by five cents!!!

    Quote Originally Posted by rickygck View Post
    Heng luckily i sold away my car many years back. But it still affect me cause the public transportation cost is quite high too. Still feeling the pinch anyway.
    Public transport is still much cheaper than car transport.

    The fuel increasing is hurting my pocket too (25% increase). It will probably affect us significantly alot next yr.

Page 1 of 3 123 LastLast

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
  •