Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

Pump prices up

Petrol prices rose by five cents, diesel fell by four cents to $1.243 a litre. -AsiaOne
Thu, Jan 29, 2009
AsiaOne

By Tony Ng

PUMP prices rose on Thursday for the second time this year after six months of price reductions.

Prices for 92- and 95-octane petrol went up by five cents a litre to $1.588 and $1.596 respectively.

The price for 98-octane petrol went up by seven cents to $1.690.

Shell's ultra-premium fuel also went up by seven cents to $1.869.

But the price for diesel dropped by four cents to $1.243 a litre.

Does it mean that more people will use less of their cars?

Cheaper for Taxis?