DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Can anyone explain Why Petrol so Expensive?

**themsrsdude** · 09-22-2012, 03:45 AM

Short explanation:

The international price of raw oil have increased rapidly hence the prices for fuel is also increasing.

Even if the oil prices are somewhat fluctuating on daily basis almost all oil are traded with longer term contracts meaning these fluctuations won't matter.

Oil prices are increasing period.

Malaysia subside their fuel to with 20-25% within their country, which is why Malaysians have the cheapest fuel in Asia.

Its true that Thailand sets its fuel prices after Singapore, so does Australia as well, and several other countries in the region.

The reason is because Singapore is the closest main refiner of oil. Singapore sets its prices according to the world market (Think of it like the stock market where many follow Wall Street).

I don't recall the exact tax scale on fuel, but I think TH adds a 2-3 bath per liter in tax.

09-22-2012, 03:45 AM	#27
themsrsdude Join Date Oct 2005 Posts 477 Senior Member	Short explanation: The international price of raw oil have increased rapidly hence the prices for fuel is also increasing. Even if the oil prices are somewhat fluctuating on daily basis almost all oil are traded with longer term contracts meaning these fluctuations won't matter. Oil prices are increasing period. Malaysia subside their fuel to with 20-25% within their country, which is why Malaysians have the cheapest fuel in Asia. Its true that Thailand sets its fuel prices after Singapore, so does Australia as well, and several other countries in the region. The reason is because Singapore is the closest main refiner of oil. Singapore sets its prices according to the world market (Think of it like the stock market where many follow Wall Street). I don't recall the exact tax scale on fuel, but I think TH adds a 2-3 bath per liter in tax.
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