Thursday, January 11, 2007

Crude Oil Price

Today the Nymex Crude Future drop to USD53.29 /bbl. So when are Government going to reduce the petrol price after so many country reduced it??

Previously when crude oil drop to US$57.24 (RM210) a barrel, government said still had to subsidise petrol to maintain the present price.

Quote Thestar:
“With the lower crude oil prices, it means the Government will spend less on petrol subsidy. We hope to accumulate some savings and make up for the loss in income when the oil price shot up early this year,” ...........

In March, the Government decided to increase petrol price by 30 sen a litre after the crude oil prices soared to US$62. 91 (RM232) a barrel.

Increase 30 cents when USD 62.91, maintain it although now is USD 53.29. What is the logic? You tell me Lah!!!

2 comments:

Anonymous said...

Bear in mind that Malaysia only EXPORTING bare oil not petrol!!! Malaysia has to IMPORT petrol!!! That's y government has to subsidy the petrol price, just the matter of less or more!!! this is business, will u asking for salary deduct if company is not performing or lose money?? we cant change the situation, just change your mind set, work harder to earn extra income. No pain no gain brother!!

Kean Hong said...

i think u miss my point. Government claimed they need to subsidy more when Crude Oil hit more than usd 60. So when Crude Oil stand at USD53, sud they adjust back? That's is my question. We all work harder to earn extra to survive in this situation, again no pain no gain, but be transparent please my Government.