Comments on: Going up: Diesel prices http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/ A peek into the road less travelled... Sun, 21 Mar 2010 15:35:49 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Barakuda http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/comment-page-1/#comment-19614 Barakuda Mon, 14 Jul 2008 03:32:52 +0000 http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/#comment-19614 CNG is now at $1.73 at Mandai. Perhaps we should have a price watch on this blog to monitor the price of CNG at Mandai and Jalan Buroh, so consumers will be able to know which offers the best deal....i.e., market rate. The last I pumped at Jalan Buroh on Sat was $1.51. While SembCorp can say it is pegged to oil derivatives, it makes one wonder why should there be a tandem move in price. Furthermore,last week we saw a 4cts drop in retail pump prices. Why no reduction in CNG prices? From the CNG website, it is good to know that production cost of CNG is really low...no cracking, distilling etc as the gas is natural and only requires filtering, unlike crude oil and LPG which needs to be processed. With vast reserves that is estimated to outlast current crude oil well into the next century, it is baffling to see the price of CNG at such a high level. If there's anything to peg the price of CNG to, perhaps we can consider the retail pump prices in the market. Keep it to 40% of retail petrol prices. It makes more sense. Perhaps LTA or MTI should look into regulating this. CNG is now at $1.73 at Mandai. Perhaps we should have a price watch on this blog to monitor the price of CNG at Mandai and Jalan Buroh, so consumers will be able to know which offers the best deal….i.e., market rate. The last I pumped at Jalan Buroh on Sat was $1.51.

While SembCorp can say it is pegged to oil derivatives, it makes one wonder why should there be a tandem move in price. Furthermore,last week we saw a 4cts drop in retail pump prices. Why no reduction in CNG prices?

From the CNG website, it is good to know that production cost of CNG is really low…no cracking, distilling etc as the gas is natural and only requires filtering, unlike crude oil and LPG which needs to be processed. With vast reserves that is estimated to outlast current crude oil well into the next century, it is baffling to see the price of CNG at such a high level. If there’s anything to peg the price of CNG to, perhaps we can consider the retail pump prices in the market. Keep it to 40% of retail petrol prices. It makes more sense. Perhaps LTA or MTI should look into regulating this.

]]> By: Onlooker http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/comment-page-1/#comment-19042 Onlooker Sun, 06 Jul 2008 12:05:01 +0000 http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/#comment-19042 Where have all the oil gone to? If it is trade in other currencies the problem will disappear. Where have all the oil gone to?
If it is trade in other currencies the problem will disappear.

]]> By: Vandalin http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/comment-page-1/#comment-19031 Vandalin Sun, 06 Jul 2008 05:45:48 +0000 http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/#comment-19031 oops even though the price of crude oil shot up like mad oops even though the price of crude oil shot up like mad

]]> By: Vandalin http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/comment-page-1/#comment-19028 Vandalin Sun, 06 Jul 2008 05:08:01 +0000 http://blog.simplyjean.com/2008/07/05/going-up-diesel-prices/#comment-19028 funny thing is, that production capacity, amounts and costs hardly went up significantly over the last few months, even though the price of crude oil hardly rose. funny thing is, that production capacity, amounts and costs hardly went up significantly over the last few months, even though the price of crude oil hardly rose.

]]>