OH OIL PRICES, OH OIL PRICES!

Well, first they said they will review it end of the month. Suddenly, the reviewed it much earlier before the by-election. It was nothing major, we hardly see the difference. Then we are left wondering how much longer it is for the next review. It could be half a month, once a month or suddenly anytime. Just look at our first world country neighbour and how fast they react. Their price is $1.946 while ours is $2.55. Please don't even compare currency exchange here as everyone is earning different currency and cost of living there is a lot higher, their roads are 100 times better than ours, toll gates everywhere, parking fee higher and car prices higher. They have no oil or gas too yet, their oil price is cheaper.

Pump prices down for 7th time since July
Posted: 12 September 2008 2115 hrs

SINGAPORE: Pump prices have gone down again, this time by 5 Singapore cents per litre across all grades.

Regular 95 now costs $1.946 before discount.

Shell took the lead in reducing pump prices on Friday, followed closely by Caltex, Singapore Petroleum Company and ExxonMobil.

It is the 7th time pump prices have been cut since early July.

With the latest change, oil companies say the pump price for petrol is at its lowest since last November.

- CNA/ir