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Thread: it's falling!!! *shocked*

  1. #1

    Default it's falling!!! *shocked*

    Pump prices fall again - third time in fortnight

    Reductions were two cents a litre for diesel and four cents for petrol. -ST
    Christopher Tan

    Mon, Jul 21, 2008
    The Straits Times

    PUMP prices fell for the third time in a fortnight, led again by Shell on Monday.

    The reductions were two cents a litre for diesel and four cents for petrol, except for so-called ultra-premium petrols, which fell by three cents.

    The latest adjustment brings a litre of 92-octane petrol to $2.133 a litre before discount; 95-octane to $2.166; and 98-octane to $2.24.

    Shell's V-Power is now $2.369, while Caltex's Platinum is $2.366.

    Diesel returned to sub-$2 level to $1.993.

    The slide follows a sustained drop in international crude oil prices. Light, sweet crude for August delivery ended last week at US$128.88 a barrel on the New York Mercantile Exchange.

    A week earlier, it hit a record US$147.27.

  2. #2
    Member
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    Default Re: it's falling!!! *shocked*

    thanks for sharing...
    Imagination is more powerful than words.

  3. #3

    Default Re: it's falling!!! *shocked*

    No matter how much it may drop.........I can bet my life they will never go down lower than before that unless they have over stock.

  4. #4

    Default Re: it's falling!!! *shocked*

    Let's see if the taxi operator will remove the 30cent surcharge. heehee

  5. #5

    Default Re: it's falling!!! *shocked*

    Funny thing is that falling prices are announced with fanfare in the news, price hikes are quietly displayed at the petrol kiosks.
    [ Flickr ]

  6. #6

    Default Re: it's falling!!! *shocked*

    Crude oil went up again... US$3...

  7. #7

    Default Re: it's falling!!! *shocked*

    Quote Originally Posted by jasonlcs View Post
    Funny thing is that falling prices are announced with fanfare in the news, price hikes are quietly displayed at the petrol kiosks.
    Good news makes people happy....

  8. #8

    Default Re: it's falling!!! *shocked*

    will the drop last long?
    One-North Explorers
    | Leave nothing but footprints, take nothing but photos |

  9. #9
    Senior Member
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    Default Re: it's falling!!! *shocked*

    maybe all these little drops are a prelude to a price increase tsunami.

    just like the real tsunami... the tide line will decrease and them... WHAM!!!
    Mythbusters - the bigger the explosion, the better it is.

  10. #10

    Default Re: it's falling!!! *shocked*

    Anybody here still pumping Shell V-Power?? The attendants at the stations have given up asking if you want V-Power already

  11. #11

    Default Re: it's falling!!! *shocked*

    Pump prices cut second time this week

    Led by Shell, the cut by three cents per litre is the fourth in a fortnight. -ST

    Thu, Jul 24, 2008
    The Straits Times

    By Maria Almenoar

    PUMP prices fell again on Thursday - for the second time this week.

    Led by petroleum company Shell, the cut by three cents per litre is the fourth in a fortnight.

    The latest adjustment brings a litre of 92-octane petrol to $2.103 a litre; 95-octane to $2.136 and 98-octane petrol to $2.210 - all before discount.

    Prices also fell by three cents a litre at diesel pumps.

    The price of compressed natural gas (CNG) remained at $1.73 per kg on Thursday.

    But Smart Enger which retails the CNG said it would review rates at the end of the month when it gets billed by its supplier.

    ComfortDelgro welcomed the reduction in diesel rates but noted that prices were still very volatile.

    ' It should be noted that despite the recent decline in prices, fuel prices are still trading at record highs," it said.

    "ComfortDelGro continues to heavily subsidise our drivers ensuring that they pay just $1.19 per litre of diesel, compared to $1.77 per litre if they had pumped outside."

    The drop at the pumps follows a slide in international crude oil prices.

    Oil fell 3.1 per cent to US$124.44 a barrel on Wednesday, dropping below US$125 for the first time in six weeks, after a US government report showed that fuel stockpiles increased. Crude prices were little changed on Thursday.

  12. #12

    Default Re: it's falling!!! *shocked*

    oil prices will only drop when there's a reccession. oil prices is starting to retreat as more bear news emerge from usa.

  13. #13
    Senior Member
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    Default Re: it's falling!!! *shocked*

    I'll only be happy when it comes down to 1.70 or less.....in my dreams...
    I lup SG, but SG don't love me...

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