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Friday, November 21, 2008

Malaysia's petrol price should be RM 1.44

Even now Crude oil price at around 50 USD per barrel,we are still paying quite a high price. You might think that compare to 2.70/litre, now is so much better.

But the truth is, subsidy taken off,nvm. We should still buy petrol price at RM1.44/litre. Government earn extra 56 cents, when they already save 30 cents for the subsidy.

Ron97

year RM/litre Usd/barrel
00 1.2 35
01 1.3 20
02 1.32 26
02 1.33 28
03 1.35 31
04 1.37 38
04 1.42 47
05 1.52 48
05 1.62 57
06 1.92 63
08 2.70 120
08 2.00 52
Real price(should be) 1.44(according to paper)  

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