CCS Annual Report 2015-2016

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INTERIM FINDINGS FROM

CCS’S RETAIL PETROL

STUDY

TRANSPORT

| MARKET STUDY

Case Team Members:

Ng Ming Jie

Neha Georgie

Stephanie Panayi

Nicholas Sim

Herbert Fung

CCS commenced a study into the retail

petrol market in Singapore in 2015

and studied the factors affecting the

movement of petrol prices in Singapore

since 2010. CCS’s interim findings based

on information received from the petrol

companies are as follow:

THE PETROL COMPANIES USE

MEAN OF PLATTS

SINGAPORE (“MOPS”) PRICES

, NOT CRUDE OIL

PRICES IN THEIR COST ACCOUNTING AND PRICING

DECISIONS FOR RETAIL PETROL.

IN2015, MOPS PRICEMADE UP

LESSTHANONE-

THIRD

OFTHE LISTED RETAILPETROLPRICE.

2

1

22

GUIDING YOU TO NEW HEIGHTS

CCS ANNUAL REPORT 2015-2016