Crude oil prices is trading at USD92.30 per barrel but our retail price for petrol & diesel remain unchanged at RM2.55 and RM2.50 respectively.
Why Pak Lah? We the rakyat are suffering while Petronas is making huge profit or are we suppose to subsidize the government budget deficit?
Look at the damage Pak Lah and his cronies has done, bus fares up by 30% during this festive seasons. Bus operators are already enjoying highly subsidized diesel and reduced toll rates but they are allowed to charged higher on passengers.
Inflation rates is currently very, very high, please reduce the retail price of this two black gold.
Base on my assumption the cost of Petrol should be:
USD136/barrel - USD92/barrel = USD44; equivalent to drop of 32.35%
therefore RM3 - 32.35% = RM3 - 97sen = RM2.03
Our petrol retail price should be RM2.03 before 30 sen discount.
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