Singapore cuts fuel prices

Singapore cuts fuel prices
BERNAMA

SINGAPORE, WED:

Petrol companies in Singapore have lowered their pump prices by four cents a litre for petrol to reflect current market conditions.
Singapore Petroleum Company Limited (SPC) announced today the pump prices for its motor gasoline across all three grades at all its service stations had been reduced by four cents per litre from 3 p.m. today.

Earlier, other petrol companies, Shell, Exxon-Mobile and Caltex started to reduce their pump prices one after another from this morning.

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

The pump price for diesel which is currently at $2.033 per litre however is not affected by the changes.
Last Saturday, the four petrol companies had just increased their pump prices for both petrol and diesel by five cents a litre.

It was reported that the impact of a global economic slowdown on demand for oil has caused prices to fall by more than US$5 to US$136 per barrel yesterday.

link:http://www.nst.com.my/Current_News/NST/Wednesday/Frontpage/20080709174744/Article/index_html

the price is up again after that
but at least their government DID reduce the price according to current situation

I am not really sure if Singapore is a good example especially when their cheapest fuel is priced at $ 2.03 (RM 4.85).

Mau Naik memang cepat
Mau kasih turun tunggu 1 dekad

MALAYSIA BOLEH

I believe Singaporeans are more forgiving about their government then Malaysians.

They do have a better “working” government though.

Now that’s a rare sight - “petrol”, “lowered” and “prices” in the same sentence.

the fuel price at singapore is cheaper than msia… :smiley: …(dont convert it to RM)

Correction - don’t convert to RM salary.

[/quote]Correction - don’t convert to RM salary.

per capita is different

xpensive life at singapore. how many ppl actually can afford to buy car…They still buy at Johor…

ermmm…but as u know that msia produce crude oil n singapore dont produce oil at all… should be the price for msia is lower compare to singapore…that is my opinion…

Because cars are a hobby and subways are 100x more efficient. And subways are cheaper.

Lets do one thing Malaysian ie make Mr Anwar Ibrahim the next PM then you will see our fuel price drops the next day…
so he claims.