Fuel price down again!

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In Singapore... ( &~%! $~#@*!!! )

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Pump prices down again
Posted: 17 July 2008 1453 hrs

SINGAPORE - Pump prices at service stations across Singapore have been adjusted downwards for both petrol and diesel.

The prices for all grades of petrol are down another four cents a litre, with top-end 98 unleaded selling at S$2.28 per litre, while the cheapest is unleaded 92 which is tagged at S$2.173.

The move by Shell, SPC, ExxonMobil and Caltex comes a week after the fuel companies made a similar 4-cent price cut, the first after 13 consecutive price rises earlier.

While diesel was unchanged during last week's pump price adjustments, this time the cuts included a 2-cent reduction for diesel. This brings the price down to S$2.013 a litre, which is still much higher than in the past.

The price of crude oil, which petrol and diesel are derived from, dropped four dollars in trading on Wednesday after staging its biggest fall in 17 years a day earlier. - CNA/sf

(source: Channelnewsaia)

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