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Ever heard of indirect form of taxation?
This includes petrol/ diesel taxes which were imposed as soon as prices dropped.
PAP uses this to safegurad against deflation and ending up like japan.
My multimillionaire ministers would increase the price of petrol and electricity whenever the oil prices increase. But when then price falls, they explained that the economy is volatile and the price might shoot up anytime so don't keep adjusting better. Plus more income for government means more bonus mah. Long live PAP, huat ahhhhhh
when oil price was $140 per barrel , our pump price was $2.10 per litre. Now oil price is $45 per barrel, our pump price is $2.30 per litre....
where the fuck is the logic? isnt that robbery?
it takes a while to readjust pricing. but in sg every orifices that you have will get shafted - from ear drums to nostrils to mouth to lj/cb kang to karchng. "no stones left unturned and no holes left unplugged" is how sg is managed.
when oil price was $140 per barrel , our pump price was $2.10 per litre. Now oil price is $45 per barrel, our pump price is $2.30 per litre....
where the fuck is the logic? isnt that robbery?