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Petrol Down to RM1.90

Started by yowchuan · 7 months ago

(The Malaysian Insider) Pump prices of petrol and diesel will drop by 10 sen starting tomorrow.
RON97 petrol will now retail at RM1.90 per litre, while RON92 and diesel will be at RM1.80.
This is the lowest price in years since RON97 was pushed to RM2.70 per litre in June from RM1.92.
T ... Continue reading »

3 comments

Gallivanter
7 months ago

Black gold actually peaked at USD147 per barrel, 1 barrel is equivalent to 117 litre, hence it would've been RM4.4 per litre. Now, at USD50 (let's say), it should read as RM1.5 per litre. Whatever it is, we're overpaying for petrol.

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imDavidLee
7 months ago

if calculation is to be like that..then why should we pay more?

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mtsen.com
7 months ago

I think the pit fall of this calculation is that the older price was subsidized but now the price is not, so instead of RM 2.70, its actually RM 3.90 in the past etc. While RM 1.90 is about the right market flow price.

we cann't keep on complaining about high oil price and then turn around keep on buying it. Petrol is limited resources, so the question is not how much to pay for it. The question is to use or not to use.

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