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  #6847 (permalink)  
Old 24-02-2015, 11:39 AM
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Originally Posted by Unregistered View Post
With garment implementing petrol duty, will existing car owners look to replace their rides with better and more efficient engines? Will this drive COE back up again with the new policy changes yet again?

And if they decide to start keeping the excess quota for the famine years, how will it further drive the COE up again? If they can implement petrol duty with immediate effect, I don't see why they cannot implement other policy as immediately as well?
With the rise in petrol duty, car buyers will go for Cat A cars as bigger Cat B cars consume more petrol. Cat A COE prices will rise higher in the next COE bidding.

Car owners would rather buy a new car than extending their COE because new cars are more fuel efficient. COE prices overall will rise in the next bidding and over the next 5 years.
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