it's falling!!! *shocked*


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Nisa

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Aug 13, 2004
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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.
 

pixie

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May 3, 2008
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Let's see if the taxi operator will remove the 30cent surcharge. heehee
 

jasonlcs

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Apr 11, 2008
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#5
Funny thing is that falling prices are announced with fanfare in the news, price hikes are quietly displayed at the petrol kiosks.
 

Yappy

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May 30, 2004
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#6
Crude oil went up again... US$3...
 

Yappy

Senior Member
May 30, 2004
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#7
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....
 

sbs99

Moderator
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Jan 17, 2002
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#8
will the drop last long?
 

mohgui

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Jan 31, 2005
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La La Land
#9
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!!!
 

seankyh

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Nov 30, 2004
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#10
Anybody here still pumping Shell V-Power?? The attendants at the stations have given up asking if you want V-Power already :bsmilie:
 

Nisa

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Aug 13, 2004
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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.
 

Quest

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Oct 16, 2006
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#12
oil prices will only drop when there's a reccession. oil prices is starting to retreat as more bear news emerge from usa.
 

Sjourn

Senior Member
Aug 9, 2004
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#13
I'll only be happy when it comes down to 1.70 or less.....in my dreams...;(
 

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