16-03-2023, 06:14 PM
Even though crude oil prices now way below pre Ukraine war.
![[Image: Screenshot-2023-03-16-18-12-36-591-com-a...chrome.png]](https://i.ibb.co/TtrYGBm/Screenshot-2023-03-16-18-12-36-591-com-android-chrome.png)
![](https://i.imgur.com/CLvY2jA.png")
SPC gas prices still so high!
![[+]](https://sgtalk.net/images/bootbb/collapse_collapsed.png)
16-03-2023, 07:29 PM
Futures price 
There is no right or wrong decisions.
One only has to bear the consequences that one makes
![[Image: Screenshot-2023-03-16-21-01-07-387-com-a...chrome.png]](https://i.ibb.co/Qpz0Szq/Screenshot-2023-03-16-21-01-07-387-com-android-chrome.png)
16-03-2023, 09:02 PM
Hope to see Brent crude oil price down to below usd 50 per barrel.
16-03-2023, 09:02 PM
During early days of Covid 3 years ago, crude was hovering around usd 20 per barrel
16-03-2023, 09:03 PM
16-03-2023, 09:50 PM
All gas station prices are almost exactly the same. Think there is a cartel, price collusion going on.
![[Image: Screenshot-2023-03-16-21-49-27-311-com-a...chrome.png]](https://i.ibb.co/GQhhqYG/Screenshot-2023-03-16-21-49-27-311-com-android-chrome.png)
16-03-2023, 10:02 PM
17-03-2023, 12:05 AM
(16-03-2023, 09:50 PM)limkopi Wrote: All gas station prices are almost exactly the same. Think there is a cartel, price collusion going on.
The whole global oil industry IS a cartel system.
The only countries that can give discounted pricing for their own people are those that pump their own oil and refine their own petrol. Like Malaysia with Petronas for example.
Countries like SG just lan lan suck thumb be price takers only. None of the petrol sellers in SG are going to cut prices and initiate a race to the bottom when they know they have an oligopolistic hold on SG with no government intervention.
17-03-2023, 08:28 AM
Last time SPC owned by Keppel
Then they sold off to some foreign country. For a one time profit.
So now we dont have a locally owned petrol stations
Singapore government should reflect on this and do something about it.
Then they sold off to some foreign country. For a one time profit.
So now we dont have a locally owned petrol stations
Singapore government should reflect on this and do something about it.
17-03-2023, 08:33 AM
TS 1st day stay in Sg ?
it is normal that pump prices go up faster than going down.
Adjustment up 8 cts for a few day than go down 2 cts 2 day later due to "world oil price dropped".
it is normal that pump prices go up faster than going down.
Adjustment up 8 cts for a few day than go down 2 cts 2 day later due to "world oil price dropped".
17-03-2023, 08:37 AM
Furthermore singapore jurong island world famous for oil refinery. Still no cheap petrol in Singapore?
17-03-2023, 08:42 AM
17-03-2023, 03:28 PM
Actually wondering why our opposition MPs dont bring this up in the parliament. It involves the cost of living for many drivers.
![[Image: brent.jpg]](https://i.ibb.co/FnBV8Hn/brent.jpg)
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