Tuesday, 18 November 2008

It is amazing how the fuel price works. Suddenly, it shoots straights up to the price which nearly killed all of us.

Then the corporate world starts to take protective steps by increasing the price of their item as well!

After that, fuel price starts to drop little by little.

So who lose out in the end?

Whole lot of consumers!! Wtf.

This just made the rich got richer and the poor got poorer! Wtf.

Anyway, this is the latest news!!!

"KUALA LUMPUR: Petrol and diesel prices will be reduced by 15sen per litre effective Tuesday, Deputy Prime Minister Datuk Seri Najib Tun Razak announced.

The new retail price for RON97 is RM2 per litre from RM2.15; RON92 at RM1.90 from RM2.05 and diesel at RM1.90 from RM2.05.

Fuel prices were last reduced on Nov 1. - Bernama "


View The Star Online if you don't believe it!

So basically, the historical price changes for the year 2008:

Ron 97 :
Feb 27 - From RM 1.62 to RM 1.92 (+30 cents)
June 4 - From RM 1.92 to RM 2.70 (+72 cents)
August 22 - From RM 2.70 to RM 2.55 (-15 cents)
Sept 24 - From RM 2.55 to RM 2.45 (-10 cents)
Oct 15 - From RM 2.45 to RM 2.30 (-15 cents)
Nov 1 - From RM 2.30 to RM 2.15 (-15 cents)
June 17 - From RM 2.15 to RM 2.00 (-15 cents)

Ron 92 :
Feb 27 - From RM 1.58 to RM 1.88 (+30 cents)
June 4 - From RM 1.88 to RM 2.62 (+74 cents)
August 22 - From RM 2.62 to RM 2.40 (-22 cents)
Sept 24 - From RM 2.40 to RM 2.30 (-10 cents)
Oct 15 - From RM 2.3 to RM 2.20 (-10 cents)
Nov 1 - From RM 2.20 to RM 2.05 (-15 cents)
June 17 - From RM 2.05 to RM 1.90 (-15 cents)

Diesel :
Feb 27 - From RM 1.28 to RM 1.58 (+30 cents)
June 4 - From RM 1.58 to RM 2.58 (+100 cents)
August 22 - From RM 2.58 to RM 2.50 (-8 cents)
Sept 24 - From RM 2.50 to RM 2.40 (-10 cents)
Oct 15 - From RM 2.4 to RM 2.20 (-20 cents)
Nov 1 - From RM 2.20 to RM 2.05 (-15 cents)
June 17 - From RM 2.05 to RM 1.90 (-15 cents)

Forsakengel.

Tagged:

5 comments:

  1. I heard some companies, knowing that fuel is high in demand. Purposely keep the fuel in their reserve. When the price reaches its peak, they sell out. In this way, they earn hell lot than other companies. I think that's very wrong of them, spoiling the market, personal gains.

    It's good news that the fuel price is dropping in midst of the economy problems...

    ReplyDelete
  2. ERm.. to be honest, this is how the fuels are traded in the market. That's how they gan ;) By specualting the demand and price.

    Anyway, yea. the prices are going back to be what they were 5 months ago.. except Diesel I guess..

    ReplyDelete
  3. i share the sentiments. RHB really sucks - the service is atrocious, the staff arrogant and the system is backwords...

    ReplyDelete
  4. yeah, very true...they really suck!!!!

    ReplyDelete