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0 The crude oil price is now close to US$50 per barrel. The price of natural gas has plunged since July 2008. Coal, which at one time was US$192/tonne, is now hovering around US$80/tonne. Earlier when the prices were soaring, Tenaga Nasional hiked its electricity tariffs on 1 July 2008. The electricity tariff hike was to cover the [...] 0 The global crude oil price is now US$36 barrel. In contrast, the local pump price is still relatively high at RM1.80/litre – despite a fifth reduction in price on 15 December since a 41 per cent hike in June. It’s obvious that the pump price is now higher than the real market price; in other words, [...] 0 Let’s update the chart which Ong Eu Soon prepared: Petrol price RM/litre 01/10/00 20/10/01 01/05/02 31/10/02 01/03/03 01/05/04 01/10/04 05/05/05 30/07/05 26/02/06 05/06/08 17/11/08 2/12/08 |
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