Competition Commission Spore find no fault of pump pricing by local compaines

[†††††]

Competition panel's view of petrol pricing

PUMP petrol is a relatively homogenous product sold by a few companies in Singapore ('Watchdog should monitor pump prices' by Mr Elgar Lee; March 23).

Hence, it is not uncommon for pump petrol prices to move up or down at about the same time, even in a competitive market. As long as the companies set their prices independently, the observation of parallel price movements does not provide sufficient evidence of anti-competitive behaviour.

The Competition Commission of Singapore is monitoring the movement of petrol pump prices and will take action if there is evidence that market players are colluding to fix prices.

Cynthia Chin (Ms)
Senior Assistant Director
Corporate Communications
Competition Commission of Singapore

 

[BuiKia]

Means car owner "jiak lark" already lah...

 

[red amoeba]

in the same breath...there is absolutely no issues that electricity tarrifs go up every quarter, bus & MRT fares go up every year...

its part n parcel of the competitive market..oops...its not a competitive market to begin with.

 

[Faidenk]

I don't know the situation now, but when I was in Sydney some 25 years ago, petrol prices differ from station to station within a suburb, and can also differ between stations of the same brand. Not only that, the prices can change a couple of times within a day, depending on feedbacks from their field people who reports competitors' prices back to their marketing dept.

Now, that's what I call competition.

Now I now why everyone regards Singapore watchdog org a lame duck.

 

[aangsc]

Means car owner "jiak lark" already lah...

since when car owner not jiak lark ?

 

[silverfox@]

It is true that the competition commission Singapore is of no fault at all.

The reason for high pump prices is due to the high taxes going into the govt coffers. :o

Can't expect the CCS to admit that its the govt's fault right?

 

[Char_Azn]

Here some stations also have different pricing what. That's why U see idiots drive all the way to the other side of the island to pump petrol. KNN like drive that far no need petrol liddat

since when car owner not jiak lark ?

Pple rich and stupid enough to buy cars in SG are rich and stupid enough to pay for it. Dun like to pay COE and ERP? Simple, dun buy a car

 

[GoldenDragon]

The Competition Commission of Singapore is monitoring the movement of petrol pump prices and will take action if there is evidence that market players are colluding to fix prices.

The collusion is so obvious and yet CCS in the dark. Maybe their investigators lack the basic skills in invesigation and/or directions from above to leave this collusion alone.

 

[SIFU]

only pap dogs wearing very thick specs cannot see that.

 

[zuoom]

it's a freaking cartel.

all buddy buddy. if each sell lower, their own profit will hurt.
by keeping it high, they sell enough, and keep that high margin.

 

[Cestbon]

Very hard to find proof. Pump A up less than 24hr Pump B, C & D all up. Even if they set the price different by 1~2 cents will it make any different? Only 0.5~1% price different since a litre price is more than $2.