Tuesday October 07, 2008

Singapore petrol prices drop by another 5 cents as NYMEX crude oil falls to $90

This article belongs to the Singapore inflation watch story arc.

channelnewsasia.com, petrolwatch.com.sg :

Caltex and SPC have kicked off another round of petrol price cuts, followed by Shell and Esso. Pump prices for all grades of petrol have gone down by 5 cents per litre on Tuesday [7 Oct 2008]. The latest revision follows a series of petrol price cuts since July this year, following a drop in crude oil prices.

- With the revision, RON92 is now $1.863 per litre, RON95 is $1.896, and RON98 is $1.970. Enjoy these prices while stocks last, and while crude oil searches for a bottom after dropping briefly below $88 earlier on. Watch out for a trend reversal and the next round of reflation as governments everywhere attempt to re-liquidate the cratering markets.

See also :

1. Singapore petrol prices drop 4 cents for third time in 2 weeks
2. Singapore petrol prices drop by 10 cents, largest in rapid succession of cuts
3. Singapore petrol prices lowered by 4 cents after NYMEX crude oil drops below $120
4. Singapore petrol prices down for 7th time since Jul 2008

(2008-10-07 22:56:32 SGT) [Energy] Permalink

Most popular blog postings on lowem.log :

1. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
2. 2010 Honda Civic Hybrid preliminary specifications released
3. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
4. How to insert currency exchange rates into Google Spreadsheets
5. Live spot gold price quotes chart on COMEX
6. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
7. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
8. Real-time live gold and silver price quotes chart on COMEX

Featured articles on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
4. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
5. New efficient nanotech materials may boost enhanced geothermal power systems
6. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
7. Singapore property market recovery seen as private home sales surge 52% in Jul 2009
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004