Petrol Pump Price Hikes again...???

[orchipalar]

Err...dear Patrick...this is NOT from a reported source of any medias...

Ahem...a generous n handsome little pigeon flew pass over the roof of Orchi's home...n dropped a piece of note...which asks...wef midnight tonight 30/07/05...there could be an upward adjustment of all fuel pumps retail prices...???

Err...by the looks of such thingys happening quite frequently recently...Orchi would NOT be any bluddy surprised...IF the pump prices would again GO UP...after tonight...

Err...anyone else...got any wind of this....ahem...UP by how much ar???

[headache]

I think that bird poo on my garden and I counted about 7-8 droplets.

[mlkok]

Enough to make up for the RM16 bil subsidy I guess

[orchipalar]

Err...bluddy Orchi must be getting old liao...the visions are deceiving....

Ahem...another note fell from the sky...n probably dropped by the same handsome little pigeon...

The note asks more specifically...10 cents per litre on Petrol...!!!???

20 cents per litre on DIESEL...!!!???...

[aroki]

Orchi,

tqs for the sms and updates. Petrol kiosk confirm the price. Just got myself a full tank!!! Thanks orchi sama.

[KelvC]

My issue is that has not been any announcement. Last time Pak Lah said don't start rumours, we will make timely announcement. Seems not. Now you wonder why there is always rumours.Cakap tak serupa bikin again.

Alas, sudah bikin already: Bernama time July 30, 2005 23:26 PM http://www.bernama.com.my/bernama/v3/news.php?id=147782

[mackzulkifli]

One you can choose not to eat. Or find another place which sells it cheaper. Last but not least, make your own.

Msian fuel prices are still lower than international prices. The problem ppl are taking this prices increases as an apportunity to increase prices.

My issue is that has not been any announcement. Last time Pak Lah said don't start rumours, we will make timely announcement. Seems not. Now you wonder why there is always rumours.Cakap tak serupa bikin again.

That's the point. There is no precedence that leads us to believe that we will not get shocked into a price jump all of a sudden.

[orchipalar]

Alas, sudah bikin already: Bernama time July 30, 2005 23:26 PM http://www.bernama.com.my/bernama/v3/news.php?id=147782

Err...TQ KelvC for the update...

So...Orchi's handsome little pigeon...ahem...has done it again...TQ so much for keeping us well informed...

Err...come to think of it...ahem...how is Orchi going to convey a word of thanks to the handsome little pigeon...??

[ceo684]

AAArgh!! Missed it!! UP LIAO!! LOL

[pcyeoh]

Fuel Prices Up Again, 20 Sen Hike For Diesel, 10 Sen For Petrol

KUALA LUMPUR, July 30 (Bernama) -- The government Saturday announced increases in the retail price for diesel, petrol and LPG (liquefied petroleum gas) by 20 sen, 10 sen and five sen per litre effective Sunday.

With the latest increase, the retail price for premium petrol (RON97) in Peninsular Malaysia is now RM1.62 per litre, petrol (RON 92) RM1.58 per litre, diesel RM1.281 per litre and LPG RM1.45 per kilogram.

[lonewolf8]

Aargh...petrol price increase again! What can the rakyat do to counter the inevitable increase in prices of food and services? Ikat perut lagi?

Hopefully, in the coming budget, the government will be considerate to its rakyat by
1) increasing the personal reliefs
2) reduce road tax
3) reduce tax rate.
to cushion the impact of the increases in prices of food and services.

[Alexius Lim]

has anyone ever considered the idea of incorporating the road tax into the price of fuel/petrol... hence the more you drive, the more you pay... this would definately encourage car pooling, use of public transportation and other means. Not to mention the positive effect on the enviroment when lesser cars are on the road....

Fuel prices are eventually gonna go up as supplies decrease... wonder if the govt would consider tax rebates on hybrid cars being brought into Malaysia... oppps! another senario for AP?

[wsp]

Aiyooo!!! i missed it.....

i thought it was effective from 1 aug 2005, i thought with the unpegged of RM against USD, that would release our govt burden on oil hike as RM has become strengthen against USD...

[bugbear]

Looks like it is time to tighten your belt my fellow forumers. Be prudence in your spending and cut all wastages. Buy small cc car to save up on fuel unless you are one of the AP kings.

I just hope that the government will review their road tax for diesel cars.

[Choon1980]

Okay, I've just ran through some rough calculations here...

from KelvC's link, government subsidy for 2005 = about 14.48 billion.

from here, Malaysia's oil consumption for transportation = 190,000 barrels of oil a day (both diesel and regular gas).

so in one year, our transportation industry will use 190K x 365 = 69.35 million barrels of oil.

I'll round the current price of crude oil down to USD60.00, or 60 x 3.7 = RM222 per barrel.

Our subsidies for a barrel of oil is 14.48 bil / 69.35 mil = RM208 subsidised per barrel.

1 barrel of oil = 159 litres. I assume that all of that can be magically turned into gas/diesel without any loss of volume. Tried searching around the Net for the conversion of crude to gas, but didn't find anything...

So with the subsidies, we're paying RM14 for 159 litres of fuel. 159 litres / RM14 = 11.35 litres per ringgit.

Without subsidies, we pay the full RM222, so 159 litres / RM 222 = 0.716 litres per ringgit. (Conversely, RM 222 / 159 litres means that we pay RM1.39 for a litre of fuel.)

Obviously there's a few faults in my calculations of which

(a) I don't know how much is spent on the logistics for refining crude oil and distributing fuel. Logically, the more the government spends $$$ on these, the more we're forking out to pump our cars.

(b) I don't know how much diesel/regular gas would be obtained from refining 159 litres of crude.

(c) Inflation. Nothing can be done about this.

For (b) I'm taking a cue from KelvC's bernama link, I've averaged RON97, RON92 and diesel to get RM1.49 per litre. Peninsular Malaysia only.

Seeing as we're obviously on subsidies, RM11.35 x = RM1.49, so = 1.49 / 11.35 = 0.1313.

Now, cut out the subsidies, and we have 0.716 x 0.1313 = 0.094 litres per ringgit. This means RM10 per litre (averaged out among the different fuel types).

So going by the current ratio of fuel prices today...

RON97 without sub. = 1.62 / 4.481 x 10 = RM3.6 per litre.

RON92 without sub. = 1.58 / 4.481 x 10 = RM3.52 per litre.

Diesel without sub. = 1.281 / 4.481 x 10 = RM2.86 per litre.

Ouch, I think I'll have to go invest in that bicycle right now. And learn to grow my own food. Living sure is getting expensive!