Enough about Pak Lah and his power transition. The old man already agreed to step down by March 2009.
It is now about our retail fuel price. We are still paying a high premium. The current global crude oil price is now at USD82.66/barrel (click here), way, way below the USD104/barrel when they announced the reduction to RM2.45.
Why do we have to wait until end of the month. Global stock market are suffering including our bursamalaysia suffers large drop below 1000 level. To spur the growth, cut fuel price, thus consumer will have more cash in hand and instead of spending on petrol we could help the domestic consumption. In turn higher domestic consumption we can drive our GDP growth.
Shahrir please buck up, lower the fuel price now. with the current global crude oil price, my calculation the retail petrol price should be RM2.00/litre.
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