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Thread: Reducing price of petrol ...

  1. #196
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    Heard another 15 cents drop is coming...will see. Wonder why cant they just drop to what ever price thats sustainable...hmmm

  2. #197
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    Quote Originally Posted by VeeJay
    Heard another 15 cents drop is coming...will see. Wonder why cant they just drop to what ever price thats sustainable...hmmm
    Even if it comes, I think it'll only be temporary. OPEC is working hard, very hard to up the crude price...and it may happen!..

  3. #198
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    here is a thought...

    instead of controlling the retail price, how about paying attention to the wholesale price.

    The petrol dealers have to buy the petrol wholesale...from the refineries run by (iirc, Petronas and Shell).

    If wholesale petrol costs are lowered, then retailers can charge less but have more freedom to impose higher charges (e.g. higher for those located along expressways or in the urban areas).

    Another thought...we only have 5 petrol dealers in Malaysia - Petronas, BHP, Caltex, Shell, and Esso/Mobil (both owned by ExxonMobil). Perhaps we need more petrol dealers? How about inviting Pertamina (Indonesia) or SPC (Singapore) or Thailand's petrol company to enter our markets?

    In the USA and Canada, even hypermarkets such as Wal-Mart and Meijer sell petrol. How about petrol stations owned by TESCO or Giant?

    Lower wholesale prices and more competition in the retail market would bring down retail prices

    Cheers, m
    The world needs more Canada

  4. #199
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    Quote Originally Posted by AllUrban
    h

    In the USA and Canada, even hypermarkets such as Wal-Mart and Meijer sell petrol. How about petrol stations owned by TESCO or Giant?

    Lower wholesale prices and more competition in the retail market would bring down retail prices

    Cheers, m
    Agree to that! Free market...is the way to go...

    I remember filling gas for free! WHen the competition is so strong...the opposing gas station would be competing by reducing the gas price at one point 3 stations (this was in Kalamazoo, michigan)...finally it ended to free gas
    Normally they would only run for 30 minutes or an hour...

    miss those good wonderful days!

  5. #200
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    - about the fuel "rebate" thingy - wondering if I renew my insurance and road tax early - could I claim that rebate again

  6. #201
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    Quote Originally Posted by VeeJay
    Heard another 15 cents drop is coming...will see. Wonder why cant they just drop to what ever price thats sustainable...hmmm
    depends on what "sustainable" means ...

    If the price is too low, we will use up the fuel faster which means that we will go closer and closer to using up our domestic oil supplies ... once Malaysia becomes a net importer (in 2010-2011) then prices go up.

    When our domestic oil supplies run out, we are at the mercy of the international energy markets...

    And I havent even mentioned the climate and environmental and social impacts of the driving...that is another area of sustainability that we have to consider.

    Cheers, m
    The world needs more Canada

  7. #202
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    crude oil prices dropped below $44 per barrel today...

  8. #203
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    let petrol prices be free floating........

  9. #204
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    Quote Originally Posted by gtl
    let petrol prices be free floating........
    I agree.... n many people will agree too while the price is falling ...but the same many plp will not agree with it too when the price is rising...

    personaly.. i think free float is fair... however of course.. it has its pros n cons..

  10. #205
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    As of today, our Government's windfall is RM16mil per day based on yesterday’s crude oil price of US$44 (RM158.40) per barrel because the pump prices of fuel have not been adjusted to reflect the lower crude prices.

    Analysts said the market price for RON 97 grade petrol should be about RM1.30 / L which is 60 sen cheaper of existing price of RM 1-90 / L.

    http://thestar.com.my/news/story.asp...651&sec=nation

    Why is our Govt shortchanging us RM 0-60 sen per litre or RM 24-00 for a full tank of 40 litre !!! Why are we still paying high surcharge for Express bus fare !!!

  11. #206
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    Quote Originally Posted by compounding
    I agree.... n many people will agree too while the price is falling ...but the same many plp will not agree with it too when the price is rising...

    personaly.. i think free float is fair... however of course.. it has its pros n cons..
    free-floating prices can make for "smarter" consumers...

    for example, in Canada I know that the prices are lowest on Sunday night, rise sharply on monday, drop until wednesday/thursday, and rise again on Friday then proceed to drop again.

    So I would only pump petrol on Sunday night and Wednesday night.

    I would also go for the stations that gave higher RON at lower prices or stations that gave cash/points back.

    There are consumer website that monitor gas prices and give updates about price wars (usually on street corners) and price increases).

    I would also pump the mid-grade (RON90 or 92) petrol instead of the higher grade petrol. In Canada the difference between low, mid, and high is as much as 16-30 cents/L.

    Here in Malaysia, in contrast, it is tough to find RON92 and there is no RON95.

    So, like I said, consumers are smarter...however, if petrol prices are expected to go up, you can see the same queues as people try to fill up at the old price...they just arent as extreme as what we saw on June 4 here in Malaysia.

    Cheers, m
    The world needs more Canada

  12. #207
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    Quote Originally Posted by silver_bird
    As of today, our Government's windfall is RM16mil per day based on yesterday’s crude oil price of US$44 (RM158.40) per barrel because the pump prices of fuel have not been adjusted to reflect the lower crude prices.

    Analysts said the market price for RON 97 grade petrol should be about RM1.30 / L which is 60 sen cheaper of existing price of RM 1-90 / L.

    http://thestar.com.my/news/story.asp...651&sec=nation

    Why is our Govt shortchanging us RM 0-60 sen per litre or RM 24-00 for a full tank of 40 litre !!! Why are we still paying high surcharge for Express bus fare !!!
    We should put up stickers on our car that says,
    "MY GOVT IS TAKING 60 SEN FROM ME FOR EVERY LITER OF PETROL I BUY"
    Similar to the posters proclaiming how much subsidy is being given when oil prices were high.

  13. #208
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    Quote Originally Posted by AllUrban
    I would also pump the mid-grade (RON90 or 92) petrol instead of the higher grade petrol. In Canada the difference between low, mid, and high is as much as 16-30 cents/L.

    Here in Malaysia, in contrast, it is tough to find RON92 and there is no RON95.

    Cheers, m
    Esso/Mobil, and Caltex do carry them in most of their gas stations, except those are stationed in tollways..

    I have been using RON 92 ever since i got back here...but some car are tuned for higher octane, so you need to test it out if it works on your car...

    You could feel the car RPM timing is not as smooth or a little jerky in the stop and go.....

  14. #209
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    Quote Originally Posted by silver_bird
    Why is our Govt shortchanging us RM 0-60 sen per litre or RM 24-00 for a full tank of 40 litre !!! Why are we still paying high surcharge for Express bus fare !!!
    Why??? Because they CAN... Period!!

    Why??? Because the bus companies CAN too... Govt NOW too busy with OTHER "priorities"...

    Simply put... now that crude prices have fallen, it means they cannot make money from Petronas... so they make money from the Rakyat la...

  15. #210
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    Whatever happened to the lower than 1.90sen that YB Shahrir had been harping a couple of months ago... conveniently forgotten eh?

    Crude oil is like USD 46/+, which is down by more than 2/3 its highest point...

    All the bloody BIG talk and EMPTY promises....

    Quote Originally Posted by cskok8
    We should put up stickers on our car that says,
    "MY GOVT IS TAKING 60 SEN FROM ME FOR EVERY LITER OF PETROL I BUY"
    Similar to the posters proclaiming how much subsidy is being given when oil prices were high.
    Damn good idea... Oh how I remembered how the Govt crowed about 'providing' the petrol subsidy [WITH THOSE BIG BILLBOARDS ALL OVER TOWN!] so that the rakyat would be/should be grateful for a caring government, and to vote wisely.... right?
    Please keep up the shenanigans... and we will vote wisely again, come 2013...

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