The crude oil price is now at USD91.99/barrel click here for updates, but Malaysian retail fuel price is still expensive at RM2.45/litre. as i mentioned before we, Malaysian are paying a premium for our fuel, while Petronas is enjoying a huge profit from it and we are subsidizing Petronas and Malaysian government indirectly, as if we are being tax for our fuel usage.
The government is in dilemma because of their mistake in hiking up the price of fuel and after a lot of furor giving out rebates on road tax. They can't just simply revoke the rebates as car owners yet to claim the rebate will protest. The rebates is already hurting the government pocket.
The global crude oil price is getting lower and lower but we have to wait for end of the month cabinet meeting to know whether we will get lower petrol price.
The government is in dilemma because of their mistake in hiking up the price of fuel and after a lot of furor giving out rebates on road tax. They can't just simply revoke the rebates as car owners yet to claim the rebate will protest. The rebates is already hurting the government pocket.
The global crude oil price is getting lower and lower but we have to wait for end of the month cabinet meeting to know whether we will get lower petrol price.
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