Global Crude Oil Price traded lower at USD121 per barrel. This figure is way below the USD136 per barrel price when the BN government decided to hike the retail petrol price to RM2.70. Pak Lah said at RM2.70, the government is actually giving a discount of 30 sen to the actual cost of petrol price.
Well, that was at USD136 per barrel, now the price has gone down to below USD121, a drop of about USD15 per barrel or about 11% decline. So, how much discount are we getting now 20 sen? What if the price drop further below USD100 per barrel, will the government announced a new retail petrol price? Earlier Pak Lah had said that there will be no more changes in petrol price for the year!
Or else Pak Lah must announce more goodies when he tabled the Malaysian 2009 Budget next month. Much and long awaited lower income tax for individuals (no reviews for several years already), higher rebate for purchases of books etc.
Or else Pak Lah must announce more goodies when he tabled the Malaysian 2009 Budget next month. Much and long awaited lower income tax for individuals (no reviews for several years already), higher rebate for purchases of books etc.
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