High Oil Prices Forcing Vehicles Off The Roads
Posted by Jeflin on June 29, 2008
It is the dream of most Singaporeans to own a car but multiple ERP gantries, increasing ERP rates in CBD and exorbitant gas prices have made us shun our beloved cars or at least drive lesser. And you know what, petrol may cost as much as car instalments. Hardest hit are the budget car owners, the impact of fuel and ERP on the deep pockets of those buying luxury cars is less severe.
Taking taxis are also becoming an expensive habit with fuel surcharges in the pipeline after recent hikes in taxi fares.
Read the full article here.
funbiz said
Yes, the price of oil going up is crazy. Even for us Canadian where we produce most of our own oil.
edward said
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nhyone said
There are two alternatives to public transport: cycling and using motorcycle.
It’s a convenience vs safety tradeoff.