Tag Archives: Crude Oil

KOH POH KOON: NOT EASY FOR S’POREANS TO UNDERSTAND OIL PRICING

It's not easy for most people to understand petrol pricing. Crude oil is unrefined. MOPS price is the price of refined petroleum and is the internationally traded price for refined petroleum. MOPS constitute less than 30% of the listed retail price of petrol. The other 70% comprises of costs of land tax, operating costs, petrol tax etc.

Read More »

CRUDE OIL CRASHES BUT PETROL PRICES DIP SLIGHTLY: STOP PROFITEERING OFF S’POREANS

I wish to expose the double standards of petrol companies in Singapore. Whenever oil prices surge, they adjust petrol prices almost instantly. Now that oil prices have crashed to twelve year lows, petrol prices did not dip in tandem but only moderately. Why is this the case? When it benefits them and enable companies to make more profits, they speedily push up petrol prices but when it's time to return savings to consumers, they cite all kinds of excuses of their slow decrease.

Read More »