Sunday, October 12, 2008

Is it fair?

With the current oil price dropping to about USD 80 per barrel, why our petrol price is still so high?

WTI Crude Oil
$61.09 ▼-0.92   -1.51%
2025.04.08 end-of-day



When the oil price is USD 140 per barrel, we pay RM 2.70 per litre
Now oil price is USD 80 per barrel, lets do the math.. 2.7/140 x 80 = Rm 1.54 per litre!
How come we are still paying RM 2.45 per litre?
Looks like we are being robbed in broad daylight!

1 comment:

J2Kfm said...

let's see how the "monthly review" ends up with. RM1.54? ahha...
be glad the price drops to previous RM1.92. I'll say my prayers.