[EvertonDiehard]

It is obvious to motorists like me that the fuel retail distribution sector in S'pore has been establishing parallel pricing practices for decades. Such schemes probably involve the exchange of information and price signalling. Frequent promotions or even press releases by a retailer, are ostensibly to inform motorists of price changes. However, the actual intention may be to signal prices to competitors.

[EvertonDiehard]

The oligopolistic structure of the fuel retail market makes it difficult to establish a case of collusion. In such markets, the price of petrol generally moves up in tandem when crude oil prices increase, but does not appear to do so as quickly, when these same wholesale prices drop.

[Niubee]

racket group.

[red3]

Competition? Textbook overload ... There is no such thing as competition...

[EvertonDiehard]

Competition? Textbook overload ... There is no such thing as competition...

It is even more worrying that the Competition Commission of S'pore stated that there is no evidence of collusion to set pump prices by the major players in the industry. Even if S'pore's anti-competition watchdog has found no evidence of deliberate connivance, the fact that petrol companies quickly follow each other in raising prices above the level that they should, is plain for all to see.

[EvertonDiehard]

racket group.

In spite of compelling evidence to the contrary, the authorities continue to deny that the major petroleum companies are engaging in cartel practices!

[EvertonDiehard]

In spite of compelling evidence to the contrary, the authorities continue to deny that the major petroleum companies are engaging in cartel practices!

Don't forget that S'pore ranks 4th in the world for Crony Capitalism