Comments on: Malaysia’s petrol price might be fixed at market rate.

By: Conjurer

Conjurer — Mon, 21 Dec 2009 17:21:59 +0000

Not sure about the station to station thingy but this 20 litre rule has already been started. I’ve have seen notices at a particular Shell that i pump in.

By: tchekchuan

tchekchuan — Thu, 10 Dec 2009 05:51:35 +0000

Read the news yesterday again and they mention every car can only pump 20litres within the borders of 50km?

What if i pump 20litre from station 1 and another 20litre from station 2 within the borders? does it consider?

Did they announce when will this take place?

By: casper

casper — Fri, 20 Nov 2009 05:57:39 +0000

I think it’s an overall package.
People like us go in to pump petrol, dine, buy grocery while our wives shop in their shopping malls.
They do earn a lot from us. If i remembered correctly, it’s around $1 billion dollars per year.
Furthermore, they won’t lose too much because of our 3/4 tank rule.

Those they really want to stop are from Thailand.
They drove their tankers to the borders to buy the subsidised petrol and sell it in their own country.
They simply don’t spend in Malaysia at all.

But, why not just stop those from the north? It’s because they are scare that the thais will make noise if they treat neighbours differently. In fact, if they implement this policy, I think the biggest benefical should be our ah gong.
Our money stays in our country and they get more revenue from the petrol taxes and GST. Right?

By: tchekchuan

tchekchuan — Thu, 19 Nov 2009 07:42:11 +0000

If ever malaysia implement this system, i think no one would want to go JB anymore.. There is no meaning and purpose other than their attractive petrol price.

People went in JB to shop mainly because of the petrol.

In the end it is still SGP which will benefit from all this. I remember last time malaysia intend to implement this, however it was postpone or cancel due to some unknown reason.

ANyone care to share?

By: kennethoka

kennethoka — Thu, 19 Nov 2009 02:33:25 +0000

hi Paladin, base on my calculate for if we pump $70 everytime after all the discount the smile point we earn is 47.2
we need to pump 16 times in order to get 750 point which can change $30 so in average

esso 5% station + 5% citibank + (-$4) for $70 +smile point + 5% citibank dividends average out. each time we have 22.3% discount. So i think it is quite similar to caltex discount even caltex don’t give point if we use safra card. so I just treat it that i pay a few cents more for the addictive to clean my engine. haha… and also this is base on spending less than $400 per months for petrol as i am not a heavy user.

By: dork

dork — Thu, 19 Nov 2009 01:52:23 +0000

ya la. the crude oil market is close to perfect competition model. actions of individuals, especially small fly like sg will not have much effect on the price of the entire market. i oso pass ekon lah.

By: k1478

k1478 — Thu, 19 Nov 2009 01:45:16 +0000

1.
Even when gasoline is at USD120/bbl (ie when crude is about USD100/bbl), its only SGD1.05/litre (market price, refers to Platts). Can Singaporeans still save by pumping in Johor Bahru?

2.
Price of petrol in Singapore consist of 3 components, of which the one imposed by government is equal to % of market price OR $ X/bbl, where $ X/bbl is the ceiling.

If im not wrong, the ceiling has been hit donkey years ago and all the price movements now are an outcome of crude price movement. Fortunately or unfortunately, supply & demand does not play a huge role in Singapore. Can anyone guess why?

By the way, in the current climate, refining margins are negative or fluctuating about zero (ie losing money for every barrel of oil refined). International Oil Companies are all selling their non-strategic refining assets.

3.
Even if the entire country boycotts SPC it’d be useless. Just look at who the owner is.

By: dork

dork — Thu, 19 Nov 2009 01:44:33 +0000

hi kennethoka,
agree with your argument abt pump prices. though we pump is sg, we should not gloat about the plight of our frens that pump at jb. we get hit also in the end.

the best is still esso. coz safra card no thanks points. also you need to pay to maintain the safra card. if u get it right, it is about 23% at esso. Anyway, it is still much better then shell.

SPC is always the one that comes out with the vouchers. if it is not for them, esso and caltex will not have any vouchers. natural choice is to hoot shell. their discount only cause traffic jams in roads.

hello v-power people, u want to start cursing me?

By: Paladin

Paladin — Thu, 19 Nov 2009 01:32:36 +0000

kennethoka. For the record, ESSO provides the best deal with rewards taken into consideration. If I remember correctly, Caltex with SAFRA card will NOT earn rewards. ESSO rewards are either 2.9% or 3.9%(with greater than $400 spending a month). When factored in, the total ESSO discount is 23.09% (24.09%).

In my opinion, ESSO offers the best deal in town. Just my 2 cents.

By: kennethoka

kennethoka — Thu, 19 Nov 2009 01:16:00 +0000

If this is true. This might drive up the petrol price in Singapore as they have less competitor.

And also this might affect JB’s business as this will cause lesser singaporean to go in.

as for petrol discount in singapore i think Caltex is the best follow by ESSO then SPC the least one is Shell.

for caltex (5% station + 7% SAFRA card + $3 for every $50) x 5% if you have citibank dividends is will be 22% discount