Comments on: When will petrol pump price revert to RM1.92?

By: Swarnabumi

Swarnabumi — Tue, 21 Oct 2008 09:21:52 +0000

The reason petrol/diesel price cannot be reduced as fast as it was increased is that PETRONAS need the money to advertise in the media to show that they are “excellent” corporate citizen when carrying out their corporate social responsibility. Every year we see the PETRONAS drama during Deepavali & other festive. In reality they are just opposite. Why not advertise statistics on how many Indians are engaged by Petronas, stations franchised to Indians, scholarship for needy Indians, many how Indian children orphan homes being sponsored
Well I use to be a loyal Petronas station visitors. For the past 3 months I have not stepped into any of this “wayang kulit” corporation facilities. Petronas also must advertise the perks enjoyed by their staff for their ” hardwork” in ensuring Malaysians “enjoy” the cheapest fuel rate for an oil producing nation in this region.

By: kyototan

kyototan — Mon, 20 Oct 2008 22:38:43 +0000

Malaysia GDP depand very much on Petronas income. Lower in crude price means lower GDP. The Malaysian 2009 deficit budget should bring the nation to borrow should the GDP is lower than 3.5%. Cut all unnecessary expenditure rather than bring back the Number Forecast Special draw to generate more sin tax. Pak Lah your sincere effort to scrap the Special draw had been revive to further suck the rakyat. YB please try to question the reason for this revival of Number Forecast SPECIAL DRAW which shall start today 21/10/2008. The PAS MP so take this seriously.

By: bclee

bclee — Mon, 20 Oct 2008 16:21:18 +0000

OPEC will cut crude oil production to push up oil price.

By: cheng on

cheng on — Mon, 20 Oct 2008 12:29:59 +0000

Msia also impose highway tol, etc

By: cheng on

cheng on — Mon, 20 Oct 2008 12:29:04 +0000

Don’t forget, Msia had one of the highest car prices in the world, in fact it is the highest, if you discard small land area territories / countries (less than 1500 km2)

By: ktteokt

ktteokt — Mon, 20 Oct 2008 12:06:41 +0000

When price of petrol went up, it was 78 sen and its effect immediate. Now for petrol to go down, it took our EFFICIENT PM months to lower the price and it was done in “instalments”. We can only take it that these “blood suckers” still think they have not had enough of “blood” from the people.

And what is to happen to the price of commodities which had been increase due to the petrol hike? Do you reckon they will go down when petrol prices decrease?

By: sickandtired

sickandtired — Mon, 20 Oct 2008 07:21:40 +0000

Sorry for the nasty remark moderator!!

By: max2811

max2811 — Mon, 20 Oct 2008 06:50:46 +0000

The UMNO ppl are ‘great’ economists. They are last in their class. They were coached before exams when in unis(MaraWhatWhat). They are good in making threats and brandishing crooked knives. But when it comes to brains and making intelligent decisions, they are always last, bottom last. HIDUP UMNO!

By: CSKUEH

CSKUEH — Mon, 20 Oct 2008 05:31:30 +0000

Hopefully our dream comes true

By: alancheah

alancheah — Mon, 20 Oct 2008 04:54:18 +0000

In our dream

By: CSKUEH

CSKUEH — Mon, 20 Oct 2008 04:49:07 +0000

When petrol price rose up 41% at one go
The people reacted happily definitely no
The price went down bit by bit and lo
Back to RM1.92 when will it be so?

By: richard.wong8

richard.wong8 — Mon, 20 Oct 2008 03:37:23 +0000

What about all the petrol station owners? They will go bankrupt if the Government never look into their problem each time the petrol reduces.
I can bet that BN will say the same old stale answers…….compare to other countries, we are still the lowest. BN think we are stupid or what. How to compare? Based on what? if compare with per capital income……we are the lowest!
What about those companies that increases their price? When will they reduce it? Well, what goes up, never comes down!

By: richard.wong8

richard.wong8 — Mon, 20 Oct 2008 03:31:39 +0000

The highest price for Crude Oil was above USD$140.00/barrel. for every USD$10.00/barrel drop in price, Malaysian Government reduces RM0.15/litre. Simple calculation is…it has drop more than USD$70.00/barrel, meaning for every drop of USD$10.00/barrel multiply by 7 (USD$70.00/barrel from USD$140.00/barrel) = RM1.05 Therefor our petrol should be sold at RM1.65/litre!!! (RM2.70 – RM1.05)
I wonder during Mad Hathir’s time was RM1.92/litre & per barrel is around

By: iggy

iggy — Mon, 20 Oct 2008 02:44:50 +0000

What a twisted post listing the 10 richest men in Malaysia by Mark Foo.

Ever thought that maybe,..they got there on their own initiative(healthy or unhealthy)? because..*coff* we’re chinese *coff*

What happened to the malays? Their own accord.
Classic case would be the selling of FELDA land that they were given because they didn’t want to develop it/*coff*was too damn lazy*coff*.

By: son of perpaduan

son of perpaduan — Mon, 20 Oct 2008 02:35:54 +0000

Our caring local consumer and trade minister said; No lah, petrol station with suffer losses lor and need time for the adjustment. But what about the rakyat has been penalised by paying hih prices.

By: bclee

bclee — Mon, 20 Oct 2008 02:23:11 +0000

the volatility in the stocks is too much now. KLCI now below 900 at 890

By: Sunrise :: When will petrol pump price revert to RM1.92?

Sunrise :: When will petrol pump price revert to RM1.92? — Mon, 20 Oct 2008 02:22:44 +0000

[...] Lim Kit Siang [...]

By: bclee

bclee — Mon, 20 Oct 2008 02:18:54 +0000

our foreign reserve drop from 120B usd to 110B usd now.
hope najib have a good plan then.

By: bclee

bclee — Mon, 20 Oct 2008 02:16:30 +0000

when crude oil drop it will definately drag down ringgit seen our GDP allmost 46% from oil income.
it will derimental for our country growth forcast when crude oil drop in price.
Hope najib have a good plan for today anouncement.

By: Bigjoe

Bigjoe — Mon, 20 Oct 2008 01:52:58 +0000

I get it where Sdr. Lim is coming from here AND the critcism is deserving of course but seriously, is there any chance of this happening? No way!!

They can’t actually drop interest rate because US rates are actually rising already. So the only way to pump prime is to let the RM fall so there is no way this can actually happen…