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Message: <blockquote data-quote="SDF" data-source="post: 3846070" data-attributes="member: 546"><p>here's more news or i would say..more salt to rub into our wounds....</p><p></p><p><span style="color: Black">Sep 7, 2009</span></p><p><span style="color: Black">Pump prices down</span></p><p><span style="color: Black">By Christopher Tan, Senior Correspondent</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">Pump prices saw a sharp cut on Monday after rising in previous weeks. -- PHOTO: WONG KWAI CHOW</span></p><p><span style="color: Black">WHAT goes up does come down.</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">Two weeks after pump prices crept back up to pre-Crisis levels, they have softened.</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">Three oil companies lowered pump rates by six cents a litre across the board on Monday morning, with the fourth doing so just before 1pm.</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">With the cut, a litre of 98, 95 and 92-octane petrol now retails at $1.92, $1.787 and $1.737 respectively. Diesel is now $1.263 a litre. All the rates are before discount.</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">Caltex, Shell and Singapore Petroleum Co reduced petrol and diesel pump prices in the morning, while ExxonMobil did so at 12.45pm.</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">Their moves followed last week's substantial drop in crude oil prices.</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">After testing 10-month highs of around US$74 a barrel, the commodity slid back down to end last week at around US$68 on worrying figures of unemployment in major economies.</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">In Europe, the unemployment rate rose to 9.5 per cent in July, from 9.4 in June. The figure is a 10-year high for the 16 countries which use the euro.</span></p><p><span style="color: Black"></span></p><p><span style="color: Black">Monday's cut in pump prices is the sharpest here this year. </span></p><p></p><p>article : http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_426509.html</p><p></p><p>...ok the scenario is like this.. if.....</p><p>a Singaporean earned $ 2k a month... his car can use Ron 98 @ $ 1.92 /litre</p><p>a Malaysian earning RM 2k a month... his car can only afford Ron 95 (aka crap fuel) @ RM 1.80 /litre</p><p></p><p>the G likes to tell the rakyat to convert SGD to RM...hence the fuel prices would sound more expensive over there...but in fact...it's NOT !!</p><p></p><p>sigh~..............what a lousy evening this is......</p></blockquote><p></p>

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