Not uniquely S’porean: Being screwed by the oil majors

In Energy on 06/03/2015 at 12:56 pm

Happens in the UK too.

[T]he question, as petrol prices begin to rise, is whether they have risen faster in response to the rising oil price than they fell when the oil price was falling.

It seems pretty clear that they did, because last summer it took about a 20% fall in the oil price before there was any significant decline in the petrol price.


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