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20081007 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

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