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An Inquiry into the Retail Petrol Market in Singapore

An Inquiry into the Retail Petrol Market in Singapore

AN INQUIRY INTO THE RETAIL PETROL MARKET IN SINGAPORE

There is a common public perception that the retail petrol market in Singapore, being an oligopoly between a few vertically-integrated petroleum enterprises, is uncompetitive or collusive. Some perceive retail petrol prices to be similar and move in tandem between competitors (“price parallelism”), and rise more or faster than they fall (“rocket-and-feather”).

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