Comments on: Petrol Down to RM1.90 http://www.meshio.com/2008/12/petrol-down-to-rm190/ Premiere Malaysia Personal Finance, Wealth Management, Investment, Insurance and Estate Planning Resources Thu, 09 Feb 2012 03:18:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: mtsen.com http://www.meshio.com/2008/12/petrol-down-to-rm190/comment-page-1/#comment-805 mtsen.com Fri, 05 Dec 2008 23:55:13 +0000 http://www.meshio.com/?p=1530#comment-805 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.<br><br>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. 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.

]]> By: imDavidLee http://www.meshio.com/2008/12/petrol-down-to-rm190/comment-page-1/#comment-806 imDavidLee Wed, 03 Dec 2008 20:52:20 +0000 http://www.meshio.com/?p=1530#comment-806 if calculation is to be like that..then why should we pay more? if calculation is to be like that..then why should we pay more?

]]> By: Gallivanter http://www.meshio.com/2008/12/petrol-down-to-rm190/comment-page-1/#comment-807 Gallivanter Wed, 03 Dec 2008 15:40:05 +0000 http://www.meshio.com/?p=1530#comment-807 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. 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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