I got news for you. Rm1.92 is the lowest the price of petrol can go. Why you ask?
Because:- (quote)
He said this would bring some stability to the retail price of petrol and minimise losses by petrol station owners.
Setting a minimum price would also enable the Government to reduce its subsidy on petrol if the global price fell further.
(end quote)
Now, how will putting a minimum price create a stable retail price? You mean stable, high prices to further increase inflation. Genius.
And what did you say? It's also to minimmise losses of petrol station owners? WTF?! Did I clean my ears today.... It explains how they may lose money. (quote)
Ahmad Sarpur, a dealer in Johor, said dealers could lose between RM13,000 and RM25,000 each time petrol is reduced by 15 sen per litre.
“This is because there is a minimum order quantity of 21,000 litres that we must pay for immediately. There is no credit,” he said.
“If the petrol is delivered in the morning and the price is reduced at night, we have to sell petrol 15 sen cheaper than what we had paid for it.”
However, Shahrir said the Government had been fair to the dealers saying: “We have not reduced their margin of 12 sen per litre after it was increased in June and we will try as much as we can to keep upcoming price reductions to 15 sen at a time.”
(end quote)
Look, buddy, the government can just get their act together and announce on price reduction 'earlier'! And why the f#$k would you place an order the morning of an impeding price increase or reduction, unless you know the risk? It's just a normal business risk! Every business owners are aware of the risk involved, let the market play it out!
The prices of crude oil now is at about the level when we were paying rm1.60? maybe rm1.40?
But it gets even better, this setting of a minimum price would also enable the Government to reduce its subsidy!
Wow! Aren't we happy to hear that? What good news!!!! From a few years ago, the government has been able to saved billions in fuel subsidy since our fuel prices went up from rm1.10 all the way to rm2.60. Each increase the government assured us that the billions saved would go into more, better infrastructure for us.
Eh.. I'm still waiting leh? Now with the minimum price, they get to SAVE.. even MORE! wow!
Which means I get a bullet train ride to penang for free? Or another 2 more KLCC? How about some good bus services? So where are all of them? Not yet? Haven't yet? Are we there yet?
You know what... I kinda miss the bi-election days now. Every time there's a bi-election, we get better deals. No, it's not politically motivated of course. Of course not! Sheesh...
Action speaks louder than words. And a chain of events certainly tells a story. The way our government handle the oil prices really tell us how much they care for us.