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On 15 Sept 2008 (2300 hrs), the current oil prices in various futures exchanges were:-* Crude oil for October is trading at US$92.40 a barrel on the New York Mercantile Exchange
* Brent crude oil for November is trading at US$90.40 a barrel on London's ICE Futures Europe
When our Malaysian government increased the fuel price on 6 June 2008 up to RM2.70 from RM1.92, the world oil price was trading at US$130 plus. When it was reduced to RM2.55 on 23 Aug 2008, the world oil price was at US$110 plus . It's already being traded at US$92 now, the fuel price should be re-priced to around RM1.92 (the fuel price before Jun 2008) or even lower.
Our faithful Prime Minister has said VERY LOUDLY that our fuel price would be priced according to world oil price and a price mechanism that would be effected every fifteen days. Excuse sir, the price has dropped way below all those oil prices you have mentioned. When will you wake up from your slumberland to review the fuel price again ........ to a much lower pricing.
Reading: Crude Oil Drops Below $92 as Lehman Adds to Demand Concern - Bloomberg
Tags: Oil Price, Crude Oil, Brent Crude Oil, New York Mercantile Exchange, ICE Futures Europe, Commodity, Futures
8 comments:
He probably won't hear you. He is soundly asleep now..... It is fasting month, he would sleep for longer hours.... When he is finally awake, he has better things to do! lol...
I think our PM sleep most of the time, even when the government is about to change over
cazzy - oh yeah, forgotten abt that
borneo - so u thot of the same too haha
i waiting for that moment!!....but haiz...i dont think current pm got time to deal with this because of the new gov...he already so headache about that...
He's in danger of being ousted, where got time to think about petrol price? LOL
nkw@i - when headache he will go to sleep
foong - well, he said that bn is still in control. what is being ousted?
who cares..he prepare to give his seat to tat najis liao...oppss..typo..is najib
chuanguan - wah, u can type vely fast
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