Wednesday, June 4, 2008

Sharp increase in Petrol Price

Crude Oil price in United States has just begun to drop, and on the other side of the globe, Malaysia, the Prime Minister announced at 5pm today: the petrol price will increase 78 cents to RM2.70 per liter, while diesel will increase RM1 to RM2.58 per liter!!! This announcement is effective at 12am on June 05, 2008.

I believed that this sudden change will affect a lot of people in this countries, and of course, the company that I work with will affected badly as well. If normally you paid RM60 for a full tank; after the price increased, you will have to pay RM84 for a full tank! A total increase of 40%!!! While diesel had increased about 63%! That's a lot!

After the announcement, people have 7 hours to fill in their tank at the petrol price of RM1.92! Can you imagine what happen to all the gas station in these 7 hours?! Of course, the owner of the gas station will have extremely high profit at today's closing! On the other side, everyone was queuing at the petrol station and causes traffic to jam badly!

Who benefit the most in this case??

I am waiting for what will happen next!

3 comments:

Anonymous said...

hey petrol price in US increase also ler!It's 4++ bucks ler, jo just filled in full tank with total of 70 or 80 bucks =(

Anonymous said...

holly cow..bobo, you guys filled up till 70 to 80? that's alot !

Soon Han said...

Inflation is on its way....
everything increase in price.....except....

Salary!!!