Domestic trade and consumer affairs minister Dato' Shahrir Abdul Samad said the government would further cut the local petrol price from current RM2.45 to RM1.92 per litre, if crude oil price dropped to US$72 a barrel. Our minister made this promise after oil prices closed at US$78.61 a barrel in New York on Friday.The latest violent sell-off of crude oil also sees the prices hit a 13-month new low. Crude has fallen nearly 47% since soaring to record US$147.27 in July, 2008. The recent change reflects that the investors generally tend to be pessimistic about the global economic crisis which is widely believed to turn worse than the 1997/98's.
Will we see the price tagged as RM1.92 soon when we are standing at the pump? By then, will it be a good news or bad? This is a complicated question to think about. Maybe we should focus on our local political change first as parliament reopens on Monday. Dato' Seri Anwar Ibrahim told the media last night there would be spark in the parliament from Monday, just after 3,500 Penang MIC members crossed over to PKR. Let's keep a close eye on our country's future.
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3 comments:
cross your fingers...
with the whole world facing economic problem, it's a wonder that the crude oil price still go down.
price dropped to rm2.30
yea, petrol dropped but TNB won't reduce. Just like pork dropped but char-siu rice won't drop and taukeh won't give you more char-siu... damn
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