Wednesday, June 18, 2008

Fuel: Automatic Pricing Mechanism

Read more to understand the mechanism. Price of petrol should increase (no subsidy) in the long run, but after all the Malaysian are ready for that, with proper transportation system available.

Conclusion: Malaysia is Net exporter of Crude oil, Net importer of refined oil. In 2011, Malaysia will become Net Importer of Crude oil.

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