Thursday, October 16, 2008

Crude Oil at ~ USD 73 Now

According to Shahrir Samad, 2 factors that will decide whether Rakyat can enjoy RM1.92/liter petrol. First, if crude oil at around USD 72/barrel and second is exchange rate.

With yesterday closing, world crude oil is near to USD73 now, with MYR/USD at 3.51, are we expecting more drop of petrol retail price end of this month, at least close to RM2/liter?

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