CNA Explains: Why petrol prices will take time to fall to pre-conflict levels
Despite a recent decline in global crude oil prices following the easing of Middle East tensions, petrol prices in Singapore remain high. Analysts explain that pump prices are slow to adjust due to the 'rocket and feathers' phenomenon, where prices rise quickly but fall gradually.
Why it matters
This highlights the persistent cost-of-living pressures for consumers even when global commodity benchmarks stabilize.
Motorists should not expect to pay pre-conflict prices at the pump anytime soon, analysts say.
The article provides a factual explanation of market mechanics and consumer pricing without political advocacy.
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