Saturday, December 6, 2008

SHAHRIR INSISTS GOVT CAN PROFIT FROM PETROL SALES

By Frank Julian Martin (The Malaysian Insider)

"......Shahrir was asked to comment on an English daily report saying that the government was set to get windfall gains of up to RM16 million per day based on yesterday’s crude oil price of US$44 (RM158.40) per barrel and a consumption estimate of 27.5 million litres per day.

An analyst was reported in the newspaper as saying that at this level, the market price for RON 97 should be about RM1.30 per litre, which was 60 sen lower than the RM1.90 per litre Malaysians are currently paying....." Read more

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