Sunday, October 12, 2008

Oil Price below USD80/barrel

Oil Prices now is below USD80 per barrel. At the time of writing - 9.30 pm Malaysian Time (+8 gmt) Oct 12 2008 - the oil price is USD79.84 per barrel. Click here

Way, way below the USD104 per barrel when the Malaysian government announced the retail petrol price at RM2.45 per litre.

I am Calling for Pak Lah - the outgoing PM, Najib the DPM cum Finance Minister and Shahrir the Consumer Minister to reduce the retail petrol price immediately to the previous level of RM1.92 per litre and to immediately abolish the 30% surcharge on bus fares.

We should not be susidising Petronas and we are fed up of being indirectly taxed for our fuel usage.

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