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View Full Version : When will fuel price adjust down?



keongchai
12-08-2008, 10:10 PM
Now, crude drop to $115 already.... so when will govt adjust down the fuel price??? :(

It's really heavy on us, poor citizen... :(

USJ27Resident
12-08-2008, 10:31 PM
heard that petrol prices in SG-land has dropped again...

but in Bolehland... CANNOT! tomorrow the persatuan kaki bodek pam minyak will protest... and shut down their petrol stations because they had "bought" their stocks at "a higher price" and thus needs a week to empty...

then again, a couple of months ago when the price went up... did anyone bother to ask these same pam-minyak owners,... if they were selling their petrol/diesel from "old" stocks or from "new" stocks... after midnight!

I know of 2 petrol stations [GREEN COLORED ONES] in Subang/USJ vicinity that "shut down" some of their refuelling lanes at/before 9pm because they said their underground tanks had low pressure - cannot refuel... :rolleyes: you believe this? Pressurised underground fuel tanks? I am pretty sure it was a big fat LIE because when I came out at 12:15am to go buy bread... guess what I saw... the lanes that were closed, were opened!

Don't believe that the fuel prices in Malaysia would be heading south anytime soon... but at the rate the prices of fuel is dropping in Singapore... I can only imagine one of these days, waking up to read that the fuel in Singapore is SGD1 per litre... (or RM2.30 per lit in conversion). Then I wanna know what/how the Malaysian Govt is gonna explain to the rakyat... :rolleyes:

HTCHONG
13-08-2008, 09:04 PM
heard that petrol prices in SG-land has dropped again...
Last pump price dropped in Singapore was on 8 Aug. On that day itself, the pump price dropped twice. It started with Exxon-Mobile dropped 3 cents for petrol and 5 cents for diesel. Then in the afternoon about 2pm Shell slashed the price further to 4 cents for petrol and 6 cents for diesel.

On top of it, from 8 Aug to 10 Aug. SPC (Singapore Petroleum Company) gave additional 3% station discount on top of the existing 7% station discount in conjuction with our National Day.

HAN2
13-08-2008, 09:38 PM
Last pump price dropped in Singapore was on 8 Aug. On that day itself, the pump price dropped twice. It started with Exxon-Mobile dropped 3 cents for petrol and 5 cents for diesel. Then in the afternoon about 2pm Shell slashed the price further to 4 cents for petrol and 6 cents for diesel.

On top of it, from 8 Aug to 10 Aug. SPC (Singapore Petroleum Company) gave additional 3% station discount on top of the existing 7% station discount in conjuction with our National Day.

Thats the benefit of a truly FREE LAISSEZ FAIRE ECONOMY with OPEN COMPETITION and there is NO NEED TO KNOW SOMEBODY who will help you to get A PERMIT to do business since its BASED ON MERITOCRACY thus perfect utilization of resources with NO WASTAGE and INEFFICIENCY.

Thats 1st Year Uni Economics EE101 by the late Assoc. Professor Harcharan Singh Khera buddy!

USJ27Resident
14-08-2008, 03:27 PM
And the scene here is.....

ABSOLUTELY DEAFENING ELEGANT SILENCE FROM THE GOVT :mad:

... and the rest of the oil companies are laughing all the way to the bank!!!

I wonder what if tomorrow the US bombs Iran and if Georgia gets nuked... and the oil price spikes to USD200 per barrel... would the Govt allow prices be raised immediately or would they be too engrossed covering their current sh!t .... :rolleyes:

AND I can bet with anyone - that those GREEN colored petrol stations [that I mentioned earlier] would once again shut down some of their refuelling lanes...to PROFIT from the public, just like the last time !!!
This time I will have my camera ready !!! :mad:

bslee
14-08-2008, 03:45 PM
In addition to USJ27 comments, SERVE YOU ALL RIGHT who still believe and voted this gahmen with their flip flop stunts (amongst numerous other issues that allow this country to LAG behind) and make EVERYONE PAY DEARLY over the long haul!. You think they have you in their hearts ah!??.. DEAD WRONG!.

N.B. Don't forget they're accountable by forcing you to pay "extra" for sewerage services!..or you all forgotten?...thats what I mean by "paying dearly!" Semua ada udang balik batu!..cheh! NEVER TO BE TRUSTED ever!

gtl
14-08-2008, 04:54 PM
Don't believe that the fuel prices in Malaysia would be heading south anytime soon... but at the rate the prices of fuel is dropping in Singapore... I can only imagine one of these days, waking up to read that the fuel in Singapore is SGD1 per litre... (or RM2.30 per lit in conversion). Then I wanna know what/how the Malaysian Govt is gonna explain to the rakyat... :rolleyes:

then the gomen will tell us that our oil prices are at market prices lah!

chewie
14-08-2008, 05:17 PM
Don't believe that the fuel prices in Malaysia would be heading south anytime soon... but at the rate the prices of fuel is dropping in Singapore... I can only imagine one of these days, waking up to read that the fuel in Singapore is SGD1 per litre... (or RM2.30 per lit in conversion). Then I wanna know what/how the Malaysian Govt is gonna explain to the rakyat... :rolleyes:

Then you can see a lot of Johorians will go to SG to pump petrol... as its cheaper marr... :D :D

cml
15-08-2008, 08:57 AM
since our price increase singapore has already adjusted it down 5 or 6 times.

tsd
15-08-2008, 09:18 AM
oil price seems to be moving up again, looks like we might missed that downward price adjustment :(

tupai
15-08-2008, 12:42 PM
This fund guy George Soros is really THE man.

I really wonder how big a fund he needs to take advantage fo the current political situations (nigeria, iran, venezuala, georgia etcetc) and nicely manipulate the present/future commodity price, petrol being the current flavor of the month...

Any idea why countries with equally vast reserves (lile brunei, spore) cannot take that same hedging/forward position? Any1??

Yang Bodoh in this globalomics latotupai

AllUrban
15-08-2008, 02:20 PM
oil price seems to be moving up again, looks like we might missed that downward price adjustment :(the freakshow was because of speculation but we shouldnt fool ourselves - cost-push inflation is still a major cause of price increases and that isnt going to go away.

The trend in oil prices in still going upwards...not rocketing, but not going down either.

Cheers, m

gtl
15-08-2008, 05:05 PM
by the time the govt decides what to do, the prices wud hv changed again.......too slow and too late.....

brown-eyes
15-08-2008, 10:13 PM
oil price seems to be moving up again, looks like we might missed that downward price adjustment :(

Mana ada naik? Droppped below USD114..Dun think it will go up higher anymore to USD140 levels for the near term..but does it matter to the govt? The damage to the economy thru the inflationary pressures has been inflicted with prices of goods all up. Even if the pump price is reduced, dun see any chance of prices of goods and services going down...is really inelastic

tsd
16-08-2008, 12:05 AM
Mana ada naik? Droppped below USD114..Dun think it will go up higher anymore to USD140 levels for the near term..but does it matter to the govt? The damage to the economy thru the inflationary pressures has been inflicted with prices of goods all up. Even if the pump price is reduced, dun see any chance of prices of goods and services going down...is really inelastic

wow, as I was posting this.. the oil price is now USD 111 only... too bad we cant go to the petrol station now to enjoy the drop of international price even though our oil price are based on international market price.

gark
16-08-2008, 03:10 PM
As of now, with the oil futures near USD 110, we are subsidizing our Malaysian government RM 0.15 for every liter we pump. Malaysia Boleh! :D

USJ27Resident
19-08-2008, 12:36 AM
Hang on sec... this just hit me...

Is all the Oil companies supplying the fuel to the petrol station at the 1 Govt approved prices or 2 at int'l prices... Something's just not right here!!! Or 3 is the oil companies selling the fuel to the Govt ... and then the Govt sells to the rakyat... :confused:

In essence, if the first is true, then the oil companies are profiteering from the public since the Govt is not subsidising the fuel prices anymore...

If the second is true... then the petrol stations are quietly skinning the public with Govt approved prices whilst getting their supply at int'l pricing...

If the third is true... then you know we've been sodomised by whom... :eek: