Hi Mr.Tan,
With the already highest COE price for cars in Singapore and in the World, the next scenario of higher oil prices with surely put a dent on all the prospects of sustained recovery etc. as I can't imagine the impact of higher petrol price here?
$5 Gas In 2012, Ex Shell President Predicts
http://money.cnn.com/2010/12/27/markets/oil_commodities/
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