Cheaper Fuels

Gratz to all Malaysian. Our goverment is slashing the fuel price again, to RM2.45 per liter for petrol and RM2.40 for diesel. It is considered as a "massive" 10 cents reduction. Yes. You saw it right. It is 10 cents reduction, after the world crude oil price falls and stayed at around USD100 per barrel, from USD140 per barrel.

Image taken from www.nst.com.my

So, the petrol price is about the same as diesel's price. So, people, please be considerate to me. I'm using diesel. Don't use those lame excuse on me like last time, such as "Diesel is cheaper mah!!". I'll surely kick your @ss. Below are the events happened throughout the year :-

June 2008 - Crude Oil price rise steadily from USD110 ~ USD 140 ++
- Our petrol price hiked from RM1.92 per liter to RM2.70 per liter. A real massive hike of RM0.78 cents. Since we use the round up mechanism now, 78 cents is equivalent to 80 cents. Great tactic right?
Note : At USD110 ~ USD120, our petrol price can remain at RM1.92 per liter.
Excuse : The goverment lose too much to subsidized petrol/diesel.

Aug 22 - Crude Oil price is around USD120
- Our petrol price reduced to RM2.55 from RM2.70 per liter. 15 cents reduction while crude oil price has fall back to USD120 per barrel
Note : Fall of USD20 only cost us 15 cents. Hike of USD20 cost us 78 cents. Fair?
Excuse : Goverment will review oil price every 2 weeks.

Sept 24 - Crude Oil price at around USD100
- Petrol price is reduced again, by 10 cents to RM2.45 per liter. 10 cents reduction.
Note : 10 cents reduction only after oil price remains at USD100 for a week or two. No reduction for diesel.
Excuse : With the declining of crude oil price, Petronas is profit is lower.

So, can you notice the excuses given in just within 3 months? Where's the point? When crude oil price hike, goverment use subsidy as their excuse to increase our petrol price. Never mention about Petronas profit has become higher. Now, crude oil price fallen, excuse is, Petronas is earning less, that's why cant reduce our petrol price by too much. Maximum is by 10 cents. Where's the $ saved from subsidy arh? I really wonder..

Anyway, normal passenger car can carry about 50 liters petrol. 78 cents increase last time will cost us about RM39 extra to fully filled our tank. A 10 cents decrease will saved us ONLY RM5 when we fully fill the tank. This is the difference between rise and drop.

Is there any hidden agenda? ^^