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Full Version: Why Petrol prices dropped 32 cents a litre within 10 days?.
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Today's UL 91 petrol  $1.59 per litre (high was $2.21)

"Update on 8 April 2022
Between 29 March and 7 April 2022, average daily regular unleaded petrol prices fell by: between around 30 and 32 cents per litre in Sydney, Melbourne and Brisbane. around 36 cents per litre in Adelaide. around 19 cents per litre in Perth."

https://www.google.com/search?q
There are lot of manipulation due to external environment for convenience.
Our petrol price is still high.
economy not good, price remains high will result stag inflation
I thought our petrol prices crashed.. chey. Still so bloody high.
(11-04-2022, 07:12 AM)Niubee Wrote: [ -> ]There are lot of manipulation due to external environment for convenience.


And yet, Singapore motorists get the short in end
(11-04-2022, 08:17 AM)RichDad Wrote: [ -> ]I thought our petrol prices crashed.. chey. Still so bloody high.


It's hidden Manipulation 

Under the so-called world's most open economy.
.

Today's 91UL petrol is $1.559
When price is abt US$120 per barrel ,it is selling $3.23 per litre.Now when it is US $104, price drop to about $3.00. Now Caltex increased to $3.05 when there isn't much changes in the oil price. Haizzzz
Can you see the difference percentage of charges?
(14-04-2022, 01:13 AM)Ernesto Wrote: [ -> ]When price is abt US$120 per barrel ,it is selling $3.23 per litre.Now when it is US $104, price drop to about $3.00. Now Caltex increased to $3.05  when there isn't much changes in the oil price. Haizzzz
Can you see the difference percentage of charges?

.Is Singapore crude oil comes from another Planet?

Australia exports 90,% crude oil with a very large portion to Singapore and yet, Singapore petrol pump is selling twice the price.

Who pocketed the profits?