Petrol on the increase


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Yappy

Senior Member
May 30, 2004
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#1
... Job credit for the employers

.... down goes the demand

..... cut in corporate tax

...... lower property tax

But up goes the petrol $$$$

Any justifications from the petrol companies?
 

Jan 19, 2009
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#2
To be fair, petrol price has already gone down quite a bit in recent months.How about CNG? Has it gone down recently too? Cos they are going to open more CNG stations soon. Is it wise to install CNG tank now?




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AMediaLuz

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Dec 3, 2008
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#3
... Job credit for the employers

.... down goes the demand

..... cut in corporate tax

...... lower property tax

But up goes the petrol $$$$

Any justifications from the petrol companies?
There's no need to justify.
It's all economics.
Petrol companies' aim is to maximize profits, rather than being mandated to keep profit at the same level.
So as long as people are "willing", and able to buy at a certain price (i.e. no competitors slashing prices), and there's no public outcry of unfairness which could impede their long term profits, there's no need for them to decrease.
 

Yappy

Senior Member
May 30, 2004
1,321
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#4
There's no need to justify.
It's all economics.
Petrol companies' aim is to maximize profits, rather than being mandated to keep profit at the same level.
So as long as people are "willing", and able to buy at a certain price (i.e. no competitors slashing prices), and there's no public outcry of unfairness which could impede their long term profits, there's no need for them to decrease.
Can CASE do something about it?
 

Wibblo

New Member
Oct 12, 2006
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#5
that lame duck can't do anything at all....

remember previously when ppl complained in the papers about petrol price increases our top ppl came out in defense of them..so bo pian...

good thing I only pump once a week.....
 

Yappy

Senior Member
May 30, 2004
1,321
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#6
that lame duck can't do anything at all....

remember previously when ppl complained in the papers about petrol price increases our top ppl came out in defense of them..so bo pian...

good thing I only pump once a week.....
I tot SPC is supposed to lead the company and hold the price. They are now also joining the fun and join the race to increase.

There was once when they did not increase and the rest to revert to their old price.

Is SPC willing to take the lead?
 

aeskywan

New Member
Feb 13, 2007
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#7
Can CASE do something about it?
Do what?

No one put a gun to one's head and tell say that u must drive. If you want to drive then pay the price... it's simple economics... and if do business must keep thinking of how to help those who cannot pay... then it's no longer a business but a charity.
 

Yappy

Senior Member
May 30, 2004
1,321
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#8
Do what?

No one put a gun to one's head and tell say that u must drive. If you want to drive then pay the price... it's simple economics... and if do business must keep thinking of how to help those who cannot pay... then it's no longer a business but a charity.
U are also right!

So there is no need to have job credit, property debate and cut in corporate tax and let the free market run itself! If you cannot survive, you just close shop and drop dead!
 

aeskywan

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Feb 13, 2007
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#9
U are also right!

So there is no need to have job credit, property debate and cut in corporate tax and let the free market run itself! If you cannot survive, you just close shop and drop dead!
your arguments don't link....

You want case to do something cos you are complaining about petrol increase but if you don't drive then you have nothing to complain about right? Don't know where the rest of the ramblings is about....
 

Stress

Senior Member
Sep 5, 2006
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#11
I tot SPC is supposed to lead the company and hold the price. They are now also joining the fun and join the race to increase.

There was once when they did not increase and the rest to revert to their old price.

Is SPC willing to take the lead?
SPC is a listed company and they have to take care of the shareholders and not the man on the streets.....:bsmilie:
 

V

vince123123

Guest
#13
His arguments are a sarcastic parody of your arguments which I honestly think doesn't hold water.

If I were to phrase his parody to fit yours better it will be like this:

So there is no need to have job credit, property debates and cut in corporate tax. If you don't own a business, you have nothing to complain about right?

I'll add in my own to the mix:

Why are you people complaining about higher transport fare? No one put a gun to your head and say that you must take bus/taxi/mrt. If you want to take bus/taxi/mrt, then pay the price, otherwise use your own two feet or ride a bicycle. Its simple economics. If the bus company need to think of how to help those that cannot pay, then its no longer a business but charity.

your arguments don't link....

You want case to do something cos you are complaining about petrol increase but if you don't drive then you have nothing to complain about right? Don't know where the rest of the ramblings is about....
No one put a gun to one's head and tell say that u must drive. If you want to drive then pay the price... it's simple economics... and if do business must keep thinking of how to help those who cannot pay... then it's no longer a business but a charity
 

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Dec 19, 2007
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Quahog, Rhode Island
#14
aren't prices dictated by not just demand, but also strength of the buyer's/seller's currency? ie, a weak dollar makes it more expensive to buy more crude oil, and vice versa?
 

stor

New Member
Dec 22, 2002
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www.storphotography.com
#15
You are just simply being naive of failed to see things in broader perspective. Petrol price increase not only affect all car owners that most deemed as deserve the increase.

Petrol price increase send a ripple down to all businesses. All trucks, vans, buses, pickup are not for leisure. They are for running day to day task and thus will affect the economy of the country. The truck driver who delivers goods to the hawker will pass down the increase to the hawkers who will then pass down to the consumer. So, what you did mentioned here is just stupid argument without given much thoughts.:dunno:


your arguments don't link....

You want case to do something cos you are complaining about petrol increase but if you don't drive then you have nothing to complain about right? Don't know where the rest of the ramblings is about....
 

stor

New Member
Dec 22, 2002
327
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Singapore
www.storphotography.com
#16
This remark was posted by someone in another forum.

Despite having taxed 7% GST, the govt collects $28 extra from each and every full tank of Shell Formula from every car owner visiting petrol station. A full tank of Shell Formula for a 1500cc car should cost the owner only $83.72 including 7%GST but instead the govt charges an additional $28 extra onto motorist receipt costing the owner a total of $111.72. That $28 paid extra is a govt added charges of 0.40 cents per litre of petrol X 70 litre full tank 1500 cc car, and this is a hefty 33.44% ($28X100/$83.72) added over and above the 7% GST already paid. Can we do nothing and just watch being ripped off during this difficult time?

The fact is we Singaporeans cannot do anything as we have hopeless opposition who failed to speak out and act for the people in the streets. We have 3 opposition as MPs drawing salary of S$15K a month from tax payer and what we got are a bunch of wayang.:thumbsd:
 

V

vince123123

Guest
#17
Nice one, ups for you :)

You are just simply being naive of failed to see things in broader perspective. Petrol price increase not only affect all car owners that most deemed as deserve the increase.

Petrol price increase send a ripple down to all businesses. All trucks, vans, buses, pickup are not for leisure. They are for running day to day task and thus will affect the economy of the country. The truck driver who delivers goods to the hawker will pass down the increase to the hawkers who will then pass down to the consumer. So, what you did mentioned here is just stupid argument without given much thoughts.:dunno:
 

aeskywan

New Member
Feb 13, 2007
104
1
0
#18
This remark was posted by someone in another forum.

Despite having taxed 7% GST, the govt collects $28 extra from each and every full tank of Shell Formula from every car owner visiting petrol station. A full tank of Shell Formula for a 1500cc car should cost the owner only $83.72 including 7%GST but instead the govt charges an additional $28 extra onto motorist receipt costing the owner a total of $111.72. That $28 paid extra is a govt added charges of 0.40 cents per litre of petrol X 70 litre full tank 1500 cc car, and this is a hefty 33.44% ($28X100/$83.72) added over and above the 7% GST already paid. Can we do nothing and just watch being ripped off during this difficult time?

The fact is we Singaporeans cannot do anything as we have hopeless opposition who failed to speak out and act for the people in the streets. We have 3 opposition as MPs drawing salary of S$15K a month from tax payer and what we got are a bunch of wayang.:thumbsd:
On the contrary, I feel that our govt is doing a good job. If those hopeless opposition take over we will be like our neighbors...

Those who say I am stupid... well you are the ones not looking at the big picture. More taxes means more reserves. More reserves means our country can better ride out storms. Honestly here... are you guys starving to death like some in our neighboring countries.. yet make so much noise about every increase, and comparing the bus example to mine about putting a gun to your head to buy petrol... Oh please..... nice try but it really doesn't relate.... Cars are an luxury, buses are not. And Please if you dont have car. you will die?? So dont drive means no need to buy petrol... what is the big problem.

Already now with the number of cars in Singapore, we have not enough parking. Just look at HBD estates carparks bursting to the seams. Do we really want cheap petrol and Bangkok or KL style traffic jams? And economically suffer? I say a big NO. I say make those who want to drive pay for their petrol. Can afford to pay then drive. If not please kindly dont jam the roads.

anyway it seems that certain individuals here like to dominate their threads and pat each other on their own backs and don't take alternative views. Well so be it.... Shall leave you same old fellows to carry on entertaining and praising each other.
 

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