P/s: The petroleum crude oil (PCO) price is now remains around USD109/barrel. Today, Dolah Badawi said that he will be revising the fuel prices soon by decreasing 15 cents per liter from the current prices. I wish to ask Dolah, how do you calculate the fuel prices and decided choose the 15 cents/liter decrement? Do correct me if I'm wrong, the global PCO price before the massive increment in June, 2008 was around USD120/barrel (do refer to the graph above) and our fuel prices that day were RM1.92/liter and RM1.54/liter for RON97 and Premium Diesel respectively. Until the PCO price had gone up around USD160, they've to increase the fuel price up to RM2.70/liter due to the fact that they couldn't stand any burden of the global steep PCO price (although the reasons of the incremental remain unknown). Since the PCO price now (to date: 04 Sept 2008) remains around USD109/barrel, the government should be revising the fuel price by choosing to the earlier prices which is before the massive incremental (RM1.92/liter) in fact it could be lowered than the fuel price of RM1.92/liter. It's just a simple maths to proportionate the current prices to the previous prices. Don't you all agree with me that we can get much more decrement as compared to the fuel price of RM1.92/liter? I was quite damn frustrated with Dolah's comment that he could gives us just only 15 cents/liter lesser than the current fuel prices. How on earth they've cheated us by manipulating prices and in fact we should be getting much more decrement instead of just getting insignificant amount of 15 cents/liter as regards to the current PCO price.
BERITA HARIAN: Datuk Seri Abdullah Ahmad Badawi berkata harga runcit petrol dan diesel mungkin diturunkan 15 sen lagi jika trend harga minyak mentah dunia terus menurun sehingga akhir tahun ini. Perdana Menteri berkata, kerajaan tiada masalah untuk menurunkan harga bahan api jika minyak mentah dunia yang di paras AS$109 setong sekarang terus turun. Beliau yang juga Menteri Kewangan berkata demikian selepas mempengerusikan Mesyuarat Kewangan Negara di sini, hari ini.
Robot Kingdom Newsletter 1395
2 hours ago