Thursday, July 10, 2008

singapore has done it, when is our turn?

heard about the news that singapore has reduced its petrol price, when is our turn.
during the petrol hike the government said that the new petrol price will be reviewed according to world petrol price, means that if the price goes up then the price will be high but if the price go down than the same should happen that the price should going down. so, when? please, i'm suffer

more aboud the news,
Yesterday(9/7), all four petrol companies in Singapore - Shell, Exxon-Mobil, Caltex and Singapore Petroleum Company - reduced their pump prices by 4 cents a liter for petrol. Diesel price remained unchanged at S$2.033/litre.

The new pump prices, without discounts, are S$2.213/liter for the 92-octane unleaded petrol, S$2.246/liter for the 95- octane unleaded, and S$2.32/litre for the 98-octane grade petrol.

Currently, Malaysia retails petrol at RM2.70/litre and diesel at RM2.50/litre.

Last Saturday, petrol companies in Singapore had just increased pump prices for both petrol and diesel by 5 cents a liter.

Incidentally, oil prices have fallen by about 7% since hitting a record high last Thursday. Oil prices fell to US$136 per barrel on Tuesday. (See Crude Oil price chart on the top right hand corner of this blog)

Will Malaysia defy the law of gravity, that what goes up must come down, and reduce the fuel burden on Joe Public?

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