Monday, October 13, 2008

RM 1.92 per litre of RON 97?

[Source]

“Jadi, kalau kita mahu menikmati semula harga RM1.92 seliter itu pada hari ini, maka harga minyak dunia perlu cecah AS$72 setong.?"

According to Minister of Domestic Trade and Consumer Affairs, Datuk Shahrir Samad that in order to enjoy RM 1.92 per litre of RON 97 petrol, world crude oil need to be USD $72 per barrel or below.

It is very weird, as of 13 Oct 2008, 11:05 am, world crude oil prices are USD $80.82. Our current RON 97 prices is at RM 2.45 per litre.

I wonder will government actually give us the people RM 0.53 reduction in petrol if the world crude oil price fall to USD $72 per barrel in order to make RON 97 RM 1.92 per litre.

What say you?

2 comments:

richard said...

Aio...malaysia petrol is so cheap loh...with octan 97 only 1.97 and now as i write become 1.8 ringgit, in my country for octan 92 around 2.2 ringgit...

Alex Yap said...

Richard ....

where you from?

as far as i know, indonesia is RM 1.63 per litre now.

while in US, it is 53 cents US dollar and after conversion is RM 1.74.

Besides, if you read my article, Shahrir said, RM 1.92 if crude oil fall to USD 72 per barrel which it does not materialise at that time.

Now world crude oil price is below USD 50 dollars. Hence, by right, our petrol price should be somewhere around RM 1.40.