This story was printed from TODAYonline 
Monday • March 31, 2008
Letter from RAYMOND LO WAN MOU
SINCE last year oil companies have raised pump prices a number of times.
It is fine if they do it when oil prices go up, but they should be equally quick to lower pump prices when crude prices come down.
However, this is not the case with oil companies here.
Countries like the United Kingdom lower pump prices as soon as crude prices come down. Singapore should do likewise.
Oil is a strategic commodity affecting the livelihood of all and sundry.
To the poor and those from the low-income group, the impact of rising prices can be unbearable because of the spillover effects on other goods and services.
Yet when crude prices come down, as they have in recent days, oil companies here do not seem to react accordingly. Why the slow reaction?
Where can riled Singaporeans turn to for answers?
Petroleum companies should be mindful of their responsibilities towards the man in the street.
We are not asking for "handouts", we just want fairness.