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wira wan
26-02-2008, 06:15 PM
Today crude oil price is at USD 98.87 per barrel.

The last petrol price increased Feb 2006 in Malaysia was RM 1.92 per litre, when the world crude oil price was around USD 61 per barrel (based on Bernama.com 20 Apr 2006 13.24 pm)

Simple calculation = RM 1.92 X (98.87 / 61) = RM 3.11

But then again, it just a simple calculation.

AllUrban
26-02-2008, 07:13 PM
Today crude oil price is at USD 98.87 per barrel.

The last petrol price increased Feb 2006 in Malaysia was RM 1.92 per litre, when the world crude oil price was around USD 61 per barrel (based on Bernama.com 20 Apr 2006 13.24 pm)

Simple calculation = RM 1.92 X (98.87 / 61) = RM 3.11

But then again, it just a simple calculation.while we are at it...we can also point out that the government presents the "real" price per litre at RM2.93...which is, as you pointed out, not the actual price....

So instead of paying RM1.01 per litre for petrol they (actually, you) are paying about RM1.15 per litre (or thereabouts)

Happy driving!

Cheers, m

bslee
26-02-2008, 07:33 PM
All the more one should change to smaller and more fuel efficient car for savings. Can't help it and one have to have pragmatic approach. Oh well..I won't speak for rich buggers. I frankly won't think oil prices will ever go down to low prices again, unless there's alternative fuel. Whatever the BN gahmen tries to say or do for the rakyat, it WON'T WORK!...it'll only be temporary like prescribing you PANADOL!. I believe that will be the hard reality everyone is going to face. Even the price of your delicious wanton mee won't go down in due course. I won't say Barisan Rakyat will be more capable, but they may ease (not prevent) the situation with re-managing other failed or stagnant BN policies that'll ease the rakyat in shorter time..so I hope and give an opportunity this time Will you?.

tsd
26-02-2008, 07:43 PM
Today crude oil price is at USD 98.87 per barrel.

The last petrol price increased Feb 2006 in Malaysia was RM 1.92 per litre, when the world crude oil price was around USD 61 per barrel (based on Bernama.com 20 Apr 2006 13.24 pm)

Simple calculation = RM 1.92 X (98.87 / 61) = RM 3.11

But then again, it just a simple calculation.

which means petronas will be making even more money :D

Pak Kadok
26-02-2008, 08:38 PM
You see, lah, after elections, you all will 'kena', lah, cos petrol/diesel prices will easily go up by 30sen.........

But, kesal kemudian memang tak guna, kata orang......

kpc
26-02-2008, 09:48 PM
If Opposition wins, petrol price will go down to RM 1.60 per litre the next day.

GreenBug
26-02-2008, 10:45 PM
. Even the price of your delicious wanton mee won't go down in due course.

While everyone is busy attending ceramahs, browsing websites for the lastest on GE08 or even looking at reposts of Edison Chen's portfoilo of his friends, the flour millers is trying to get an appointment to meet the officials at the Ministry of Domestic Trade & Industry to inform the Ministry that flour price will soon be at RM2,300 + RM800 = RM3,100 per metric tonne (March 15) and RM3,100 + RM500 = RM3,600 per metric tonne (1 Spril - 2 weeks later!).

Tighten your seat belts gentlemen and brace for the rough ride....

stock-kaki
03-03-2008, 03:25 AM
The calculation is like this
Spot Price per barrel= USD100 = RM320
Retail US Price =USD3 / gallon
1 US gallon = 3.8 litres (actually 3.79)
Actual price WITHOUT subsidy=RM2.52
When the spot price was around USD60, there was no subsidy, There was a tax.

This has happened during DM's regime

Actually, importers normally has a contract price which is based on an average xx days of spot prices.

We should be comparing prices with nett exporting countries e.g. Canada.

US is the largest producer of oil and also the world's largest importer of oil.

What do you expect from a regime that cannot count. Remember KJ reported losses on a stock that he claimed he bought. Simple arithmetic shows this Oxford grad cannot count.

bobkee
03-03-2008, 05:29 AM
Apparently there were rumours of a fire sale of oil futures contracts during DM's tenure to keep our treasury liquid as well. Which may be why we're not really benefitting from the high prices of crude oil too.

Perhaps somebody in the industry can confirm?

besitai2007
03-03-2008, 07:33 AM
With the oil price increase, Petronas' credit balance must be skyrocketing. But Najib keeps insisting that we have to increase prices as the gorvernment cannot afford the subsidies. What the (.......) is going on? The reason has been that we are also importing crude oil? Is that the reason? Any transparency in the part of the government to show us Petronas' Balance Sheet? It's all secret, under Internal Secuirty Act. So, no one is the wiser. :mad:

racheljansz
03-03-2008, 08:39 AM
Someone made a comparison of owning a toyota avanza and cost of 5 years worth of petrol in Thailand, Singapore and Indonesia, and it seems that Bolehland came out the most expensive!
We are already up front paying for it thro taxes!!!
And that also not include toll!
Some how what ever so called subsidy on the petrol UMNOputra claims, UMNOputra got it back thru other means like taxes on new motor vehicles, toll, road taxes ..etc.:mad:
BTW back to the comparison, Thailand's avanza+5years petrol is the cheapest and it makes you really wonder whats going on!

I am for petrol price increase. The subsidised petrol & diesel only enrich the smugglers and their 'protectors' up north!
Thailand petrol price ranges from baht27 to 32...yet the food prices are still 10-30% cheaper than bolehland.
My little bird told me, its going up 50sen/litre....and i hope that the subsidies saved will be put to better use...
Yang Ada Banyak guna minyak subsidi latotpai

KH EE
03-03-2008, 09:20 AM
Someone made a comparison of owning a toyota avanza and cost of 5 years worth of petrol in Thailand, Singapore and Indonesia, and it seems that Bolehland came out the most expensive!
BTW back to the comparison, Thailand's avanza+5years petrol is the cheapest and it makes you really wonder whats going on!

here's that comparison from a Mr. Robert Wong which appeared on Kit Siang's website: http://blog.limkitsiang.com/

Price of Petrol RON 97 Price of Toyota Vios 1.5E
Malaysia RM1.92 / liter RM78,700
Indonesia RM2.31 / liter RM64,000
Thailand RM2.49 / liter RM60,000

With petrol comsumption of 150 liters / months for 5 years or 60 months the total petrol cost is as follows :-

Malaysia RM 17,280
Indonesia RM 20,790
Thailand RM 22,410

Total cost of vehicle and petrol

Malaysia RM95,980
Indonesia RM84,811
Thailand RM82,410

Now, Who is being ripped off in term of total cost .

We are being ripped off again by BN government.

racheljansz
03-03-2008, 09:24 AM
Yah this is the one.
Thanks for the correction.
My apologies, memory slipping due to old age, but did remember just up north across the border cars are so much cheaper :D

bslee
03-03-2008, 11:02 AM
Was it mentioned that the other part of truth (if you buy any other car brand than national ones), the amount of TAX you pay for the car is already sort of ADVANCE payment for the gahmen subsidies as far as 7 years of your own cost for petrol consumption.
SO!..whose money is it for the subsidies?.. still trust BN led gahmen pertaining to subsidies? telling you all its doing Malaysians a service by having subsidies?.. I'm already thinking they're DOING little or NOTHING for alternative fuel. What happpened to bio-fuel alternatives which they claim we'd be net importers by 2012! Where's the alternative fuel supposed to be in the works? YOU'RE RIPPED OFF in real time, people!

The already terrible city road planning, traffic jams, idiotic traffic lights system, NO traffic police where its needed most and other terrible but tolerated issues, ALL Malaysian motorists within busy cities are actually spending MORE than actually neccessary. SO who's laughing all the way to the bank?. Certainly not the motorist!.
On another note. As long as BN led gahmen keep awarding city public transportation contracts to cronies, implementation will be slow, likely inefficient and expensive. While we wait (LONG TIME) for progress..WE SUFFER the consequences!.

jules
04-03-2008, 01:04 AM
what more reasons do we need to vote out this useless crony-infested government ?????

so vote wisely this 8th of march.....gotta show them who's the BOSS.

denver
04-03-2008, 03:09 AM
Someone made a comparison of owning a toyota avanza and cost of 5 years worth of petrol in Thailand, Singapore and Indonesia, and it seems that Bolehland came out the most expensive!

We are expensive not because of petrol price, but because of the high tax the government impose on foreign cars to protect Proton. Since the comparison is made using a foreign car, that is why our "overall" cost is high.


BTW back to the comparison, Thailand's avanza+5years petrol is the cheapest and it makes you really wonder whats going on!

If you compare with national car, like Gen 2, Malaysia is definitely cheaper:

Price of Petrol RON 97 : Price of Proton Gen 2
Malaysia RM1.92 / liter : RM53,488
Indonesia RM2.31 / liter : 135 million rupiah = RM50, 895
Thailand RM2.49 / liter : 500,000 baht = RM55,000

With petrol comsumption of 150 liters / months for 5 years or 60 months the total petrol cost is as follows :-

Malaysia RM 17,280
Indonesia RM 20,790
Thailand RM 22,410

Total cost of vehicle and petrol

Malaysia RM70,768
Indonesia RM71,685
Thailand RM77,410

So, if you want to save money, you can always use a national car. :D Anyway, this whole high tax imposed on foreign cars is an old issue. Is there any opposition party that promises to reduce the tax on foreign cars? Now that would be an interesting manifesto. If the opposition wins, a lot of people are going to ditch their protons and start buying Hondas and Toyotas. :)

racheljansz
04-03-2008, 07:20 AM
If you compare with national car, like Gen 2, Malaysia is definitely cheaper:
[b]Price of Petrol RON 97 : Price of Proton Gen 2
Malaysia RM1.92 / liter : RM53,488
Indonesia RM2.31 / liter : 135 million rupiah = RM50, 895
Thailand RM2.49 / liter : 500,000 baht = RM55,000


How come your price of Gen2 in Thailand is more expensive than Indonesia where as Toyota Vios 1.5E in Thailand is RM4,000 cheaper than in Indonesia?

Now I am baffle as to where does the high tax imposed on foreign cars goes to?
For whose benefits?

gtl
04-03-2008, 08:55 AM
just for your info, singapore pump price just went up :

92 octane - s$2.013/litre
95 octane - s$2.046/litre
98 octane - s$2.249/litre

this is before discount, usually one can get 5% discount with loyalty cards or something.

so, after elections, petrol will go up!! in malaysia.

where all the high taxes or under table AP money goes to - your guess is as good as mine.

racheljansz
04-03-2008, 11:05 AM
More good news for those people benefiting from oil price
Oil sets fresh record at $103.95 Monday, 3 March 2008, 21:57 GMT (http://news.bbc.co.uk/1/hi/business/7275541.stm)

denver
04-03-2008, 12:30 PM
How come your price of Gen2 in Thailand is more expensive than Indonesia where as Toyota Vios 1.5E in Thailand is RM4,000 cheaper than in Indonesia?

I don't know. I just use the prices I found on the Internet.


Now I am baffle as to where does the high tax imposed on foreign cars goes to?
For whose benefits?

As with all government taxes (income tax, road tax, corporate tax etc), it all goes to the government's coffers. I don't think the government use the tax on foreign cars for a specific purpose. It just goes to the general pool government income. This is the money the government use to fund government hospitals, schools, pay salary of policemen, and all those things highlighted in the National Budget. But who benefits the high tax imposed on foreign cars? Proton. And to some extend, Perodua as well.

bslee
04-03-2008, 12:50 PM
All taxes are more or less accounted for..nothing to argue. BUT!.. how they spend it or the rakyat accuse them of mismanaging it is a MONSTROUS issue. Thats why all the more we should deny them 2/3rd majority. No point in argueing anymore..we're all taxpayers anyway if BN or opposition run..doesn't matter in this case. Check & balance MUST be there..now there's NONE!. Vote wisely please!.

AllUrban
06-03-2008, 11:05 AM
Check out this article from the Toronto Star

Expect $1.40 gas (petrol) (http://www.thestar.com/Business/article/309711)
If current prices in Canada are averaging $1 per litre, this is a 40% increase in the price of petrol.

A 40% increase in Canada may translate to a 20-30% increase in Malaysia...on top of the increasing subsidy.

There is no way that you will be paying anything less than RM2.50 by the end of this year!

Cheers, m