Global oil price drops but pump prices up 10-20 sen

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The wonders of our float system as our pump prices go up even as the global oil price in an oversupplied market hits a three-week low. How is this possible?

It would appear that public coffers badly need the extra money.

What’s the matter? GST not enough?

So who is subsidising whom?

READ MORE:  Fuel prices up again...
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51 Comments on "Global oil price drops but pump prices up 10-20 sen"

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Yang
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Yang

Anil, goodness your.blog has become a fortune telling blog

tunglang
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tunglang
Fortune telling, a kind of guess work of a personal predestination to somewhere for self-reassuring & shiok-sendiri in times of great stress & uncertainties? To say that Feng Shui is fortune telling will depend on what you are looking for: a reassurance of a better life fortune awaiting you or knowing what elements you are born of to deal with life’s uncertainties in one’s life stages. Will it make any common sense that a mere reading of one’s birth date, time & period of day can set one for life, either to riches, poverty or mediocrity? Feng Shui or an… Read more »
tunglang
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tunglang
If Anil truly believes in all these make-believe stuff, the mighty river of justice may just be polluted with weak minds & vengeance-seeking minions of a kind of cat-cult worshipping that’s beyond redemption. Anil is merely ho bin (giving face) to these trolls to truly practice freedom of expressions here. Don’t get provoked but reply to them with a sense of perspective without emo. Some have no experience of the metaphysics but want to ke-ke gau-gau like a pro. One example of a personal metaphysic manifestation: my hunting knife placed in my studio got blood stain. And a stream of… Read more »
Alvin
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Alvin

You are easily provoked and responded with long-winded message.
I think the readers purposely poke you into such knee-jerk reaction?
Keep cool as weather is getting hotter, drink 100plus.
You started the feng shui talk and now feel guilty to your pastor?

occupywat
Guest
occupywat

Cost of living is already shooting up, and If Ringgit continue to weaken and KLCI continue to fall unabetted, the temperature will surely rise to boiling point … cannot blame the people …. it is people’s power … and the King will have to do something to save the nation from going burst.

gk ong
Guest
gk ong
According to Joey Yap: Ba Zi (Eight Characters ) or Four Pillars as it is popular known in the West, is a sophisticated art of Chinese fortune-telling based largely on the Chinese five-element theory, allowing us to investigate the potential and mysterious of our lives using our birth data. BaZi calculation enable us to explore the cyclical influence of our ‘destiny’ in terms important areas such as family, friends, relationships, wealth, fame, recognition, career, studies, partnership, business and the almost every other important aspect of our lives. BaZi can be used to evaluate relationships and to forecast the life path… Read more »
sakpohlan
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sakpohlan

Yes. Definitely good to see things that make sense.
unlike those useless nonsense from tunglang.

tunglang
Guest
tunglang

Mere occult parrot-gurgled from somewhere by someone can make sense to you?
Or an opportunity to attack others out of desperation without substance?
That shows a lot of what stuff you are made of in this age.
Prove to me Feng Shui has done to your life that I may believe in your make-believe destiny.

You ain’t see nothing of the unseen, encounter the disembodied & other metaphysic manifestations.
So don’t simply pang phui to shiok sendiri like a stooge.

I can show you what ‘stuffs’ that can make your soul call for your mama (if you dare).

JJ
Guest
JJ

A very good post from gk ong.
Just curios, have Joey ever further elucidated in Bazi that the “day master日主” depicts one’s actual life and the month stem月柱- his brotherhoods/friends/environments later in his life. The year stem depicts depicts his ancestor as well as ” inheritances”?
The time stem is meant for posterity ?

gk ong
Guest
gk ong

The crude oil price is currently about US$64 per barrel, down by about half from the US$115 in June last year.

Could you imagine how much we have to pay for non-subsidised Ron95 under the ‘float system’ should crude oil hit US$100?

Firdaus
Guest
Firdaus

Inilah yang tak masuk akal!
Shabery Cheek please explain.

Don Anamalai
Guest
Don Anamalai

Yes, any idea how much would we need to pay for 1 litre of RON95 if the crude oil returns to US100/barrel, if we follow the float system by BN?

Better know this before you commit to your car purchase.

Bigjoe
Guest
Bigjoe
While what is fundamentall causing the rise is the MYR falling but the truth is Rafizi charge that the price mechanism is not completely transparent AND there are room for bias.. Truth is the only truly transparent mechanism is to completely deregulate it entirely and not fix prices at all.. Any other way, there is room for bias and its likely this administration and subsequent UMNO/BN administration will also be, can only raise taxes as a means to catch up with their problem, the bias on small changes in price is against the consumer and to increase the govt coffers..… Read more »
Yang
Guest
Yang

Pump prices follow the market, says Petronas chairman
Pump prices are fixed by the Federal Government in line with the market and not decided by the national oil corporation.
http://www.freemalaysiatoday.com/category/nation/2015/07/02/pump-prices-follow-the-market-says-petronas-chairman/

Yang
Guest
Yang
Last year Rafizi and Pua were jumping up and down calling for the price of petrol to be floated according to world oil prices. There you have it and now there should not be any complaint at all. Go check the average price for the month of June. It is about US65.00 per 44 gallon barrel. You can easily do an approximate calculation and know how much after including transportation, refinery cost and petrol station commision. When oil come back to US80 and the price go above RM3.00, don`t blame the govt. Blame PKR, DAP Rafizi,Pua and their leaders. They… Read more »
lim
Guest

Phua KL, if i were you, i will not engage with yang, a person like him is fit for the bin, nauseating !!!

Yang
Guest
Yang

Lim or is it Kee, Whether you or anybody want to debate me or not, it does not matter. After all being an obsessive lackey you would not want to digest the truth. Fitch an international well known agency has upgraded our country to STABLE. if it is positive then you say the govt must have bribe them, if it is negative hohoho then you will say, you see DAP and Pakatoon were right and Fitch is a good agency. Is this your norm due to a chronic obsession

Phua Kai Lit
Guest
Phua Kai Lit

Thanks for your comment, Mr/Ms Lim.
My view is that all pro-regime propagandists should be debated, especially those
who twist and turn and are clearly intellectually dishonest. But no need to descend to their
level by indulging in verbal abuse and childish name-calling 🙂

As John Stuart Mill said, freedom of thought and the
clash of ideas (through serious and high quality debate) is ultimately to the benefit of the larger society.
larger society.

Phua Kai Lit
Guest
Phua Kai Lit
Yes, civilised and reasoned debate, and not name-calling — this should be the practice if Malaysia wants to go forward as a society. I like to think that civilised debate has influenced and persuaded Dr Hsu Dar Ren to quit the Central Committee of the Gerakan and Datuk Ariff Sabri (“Sak Mongkol AK47”) to join the DAP and become a strong critic of Najib. More Malay-Malaysian progressives and young professionals are leaving PAS and joining the DAP. This is a wonderful development. It will make the DAP more multi-ethnic and push the DAP’s Manifestos to better reflect the concerns of… Read more »
Yang
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Yang
Phua, you are right but then you have to understand that some commentator here and Pakatan leaders like the defacto also call others names or stupid. Go and see the videos of Nga Kor Ming and you will understand. For every action there is always a reaction. Whenever we write against the opposition DAP or PKR, these opposition reader will immediately jump up and paid cybertrooper and so on. This is the norm of the opposition readers through out most of many other blogs like FT, Malaysiakin, etc. I think I did not really called you name in anyway but… Read more »
Loga
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Loga

As promised by the NEP policy have spoon feed the bumis… Or else no votes from UMNO ..Now you know why so many increases

Phua Kai Lit
Guest
Phua Kai Lit
Fiscal policy and other economic policy in 1Malaysia: 1. More taxes — indirect taxes and hidden taxes (e.g. credit card ownership tax, passport fees) are preferred 2. More subsidy reductions — petrol, electricity are the easiest to carry out 3. Freeze hiring of civil servants (but not across the board, see comment below) 4. Freeze budgets of government departments. Even better, carry out cuts in government budgets (especially for capital budgets, don’t touch the operating budgets for the moment). Remember to exempt particular arms of the civil service (see comment below) 5. Liberate the resources locked up in EPF, government… Read more »
iSupercally
Guest
iSupercally

Phua .No matter how much you.write it’s. an undeniable fact that Fitch has upgraded our country on the long term as stable. Just like Rafizi,.Tony & the Pakatoon, all your allegation and analysis are fit for rubbish bin

Phua Kai Lit
Guest
Phua Kai Lit

tunglang 9:39 am explains why, my friend.

GST, petrol price increases and EPF (as a source of
funds to be raided by Najib and his regime) lah !
Fitch likes these. The vast majority of Malaysians don’t.

ktwong87
Guest

And I wonder yet again, just when will Consumerism Minister Hasan Malek deliver on his “formula to calculate Ron 95 and Diesel prices will be revealed to the public soon”?

It has been 7 months since he issued his statement in early December 2014. Janji ditepati? Hah!

Ed G
Guest
Ed G

Paradox of Najibnomics?

Pang
Guest
Pang

We are paying the price of Hugh debt of 1MDB!

Bigjoe
Guest
Bigjoe

Its the MYR falling..

Yang
Guest
Yang

Most of the world major currency has fallen to new low with the exception of 1 or 2. One good example is the Japanese Yen which slide even further than us.

Koo Wat Chye
Guest
Koo Wat Chye

Ringgit goes down because investors have little confidence in BN government. Brunei is an oil producing country but it’s dollar does not go down with lower oil price. So BN has been not truthful to us.

Yang
Guest
Yang

wow JMenon, so Abe told you that.

JMenon
Guest
JMenon

Abe purposely downgraded yen to revive Japan export.

Ringgit devalued not by government e.g. Bank Negara intervention. Simply because traders have less confidence and prefer other currencies. WHY? Read Anilnetto.com and not being sidetracked by comments yang sweet talk.

gk ong
Guest
gk ong

Fares for public transportation will likely go up as well, probably after Hari Raya.

Phua Kai Lit
Guest
Phua Kai Lit

More “subsidy rationalisations” a.k.a. rising petrol and electricity prices
and “revenue enhancement” a.k.a. taxes coming our way, folks.
Courtesy of the 1Finance Minister.

http://www.malaysiakini.com/news/303608

iSupercally
Guest
iSupercally

What about water. Don’t.be biased please

Yang
Guest
Yang

Phua, why you did not blame the Pakatoons, Rafizi and Pua that wanted petrol prices to be floated in accordance to world market price. Don`t be just an obsessive lackey.

iSupercally
Guest
iSupercally

Phuas, just following the.style of the Pakatoon that call others the same way

Phua Kai Lit
Guest
Phua Kai Lit

Aiyah, still continue to indulge in name-calling and verbal abuse ?

Your job as a propagandist here on Anil’s blog is to persuade the
fence-sitters about the virtues of our wonderful
Prime Minister-cum-Finance Minister and compassionate
UMNO-BN regime lah!

You won’t be able to win the battle of ideas by indulging in name calling.
As I mentioned earlier, the blog readers are intelligent and educated.
And they are certainly not gullible adolescents 🙂

tunglang
Guest
tunglang
Timely or last minute submission to increase fuel prices (to further erode fuel subsidies) to please Fitch Ratings of New York? While it’s a benchmark to guide global investors, should we be at the mercy of American Kwei Lou (U-S-ucks Ang Moh Devils)? Why can’t Najib be as brave as Mahathir, just snub these financial delinquents in suits who can ruin countries with a mere overnight fancied rating unsubstantiated by a country’s GDP & fundamentals. Or I should be more precise for Najib – learn the ropes from China. Since these Kwei Lou can ruin many Asian currencies, they can… Read more »
tunglang
Guest
tunglang
Yang, try to understand the American / Kwei Lou political+economic agenda – to make us “pok khai” so we will forever kowtow once again to its cowboy boots. It has happened during the Opium War in China. It has happened during the Vietnam War. And it has happened in the Iraqi + Afghanistan Wars. And lest we forget, it has Georgie Sorrowful played the Angle of Death to Asian Currencies in 1997. Any economic illiterate can sense the obvious of why Asian currencies like the Thai Baht could collapse virtually overnight. Did the Thais burnt their Baht to create a… Read more »
Yang
Guest
Yang

You should not blame Najib and BN for eroding subsidies. Remember last year how DAP & PKR were so vociferously calling on the govt to let oil prices float. Najib did it and petrol price go down to 1.70 when world market price is about US50. Last month average is about 65 so it roughly translated into about RM2.10. If price there is a further increase when world market price go up, don`t blame BN. Blame it on PKR & DAP and the duo Rafizi and Tony Pua

tunglang
Guest
tunglang

Cut down driving, take public transport (Rapid Pass = Rm75 per month), stop buying new cars for many years.
If driving 4WD for offroading, leave it in the kampung & no need to waste on road tax + insurance.
With less of taxing revenue, these reckless fellas will appreciate tax money & not waste it like tap water.
This government thinks we all are perennially flowing water taps flushed with “水 Sui”.

tunglang
Guest
tunglang
“水 Sui” in Chinese means water which metaphorically means money. Collectively, the 10-20 sen increase in oil price burden on us will be huge & flushing like Air Itam Dam’s overflowing vault water. In the hands of this financial-reckless gomen, it will be like another day’s toilet flushing to clear all “s…” of mismanagement of national coffer (taxes, oil money, Tabung, etc). But the majority 99% of us are not rich (upper middle class) or wealthy (millionaires). This tax regime is heartless & blind & taxes every soul regardless. The rich & famous won’t feel a thing as for them… Read more »
tunglang
Guest
tunglang

Don’t simply comment or else Lilian Too will slap your face north, south, east & west!

tunglang
Guest
tunglang

Te leng-leng, thi leng-leng, luan luan kong, lu e chhui uai.
Hong leng-leng, hoe leng-leng, luan luan Pang phui, lu chhiah sai.
Summon up Earth, Sky, Wind & Fire.
Don’t simply gossip or else you get a twisted mouth
Don’t simply ‘fart’ rubbish lest you get a mouthful of ‘said’

Ting, ting-ting-ting, ting, ting, ting.

JJ
Guest
JJ

Doesn’t 水(water) would be a very important matter in deciding a Fengshui environment ? Without which one just cannot attain wealth at all !
The Chinese norm of 山管人丁水管财 contruely depicts all that ?
Which means the (form of) hill-form dictates fine human character(s) and correct surrounding flow of water(s) creates wealth.
Just my 2cents.

Pang
Guest
Pang

I think you have been misled by Lilian Too.

Earth, Wind, Fire Business
Guest
Earth, Wind, Fire Business

Pang. To the Chinese laymen or businessmen, “sui” exactly means money. Nothing about feng shui unless one is too dependent on such occult to drive businesses. Blame on yourself for such little understanding. Tunglang is merely explaining. Why not first ask him politely whether he practices feng shui?

Pang
Guest
Pang

You have little understanding of feng shui, yet still want to show off?
Not all shui is good, it depends on other factors.
Check your Bazi(八字)first, you may need more fire instead!