Petrol Malaysia

Today, in an article featured on the Business Standard , Malaysian Prime Minister YAB Dato Seri Najib Tun Razak was quoted as saying that global oil prices would rise this year, though not to the spectacular heights of 2007. (Ref: Business Standard, 13th July 2009. Global oil prices are expected to rise: Malaysia PM ) Business Standard, on its website, claims the following: Business Standard is the country's most respected business daily, being the first choice of serious business readers. It is published in colour from 12 centres in India - Mumbai (formerly Bombay), New Delhi, Kolkata (formerly Calcutta), Bangalore, Chennai (formerly Madras), Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. The newspaper believes in free, fair and independent journalism and strives to inculcate these values in its editorial staff. The journalism practised by Business Standard lays equal stress on quality, credibility and accuracy. Business Standard has the country's best...

Short Update It's been some time since I posted an update on this blog. In that time (roughly one month), crude oil has dropped slightly. Today's OPEC price basket shows that the daily basket price of crude oil is USD61.11. This was from a high of USD69.56 on 30/5/2009. It may be noted that July 2009 is the one year anniversary of the spike in the oil price around the world. In July 2008, the basket price of crude oil was USD131.22 per barrel. Newspapers are still getting excited about RON95 making its debut in September 2009. (Please refer to Know Your RON by Hong Boon How, published by the Star on 5th July 2009.) Petronas began offering RON95 at the Kepong area, making the petrol station the third in this nation to offer RON95. Petronas states that by the time RON95 is launched in September, more people would have switched to RON95 -- judging from the strong response of the public. (I may be mistaken, but I thought that RON95 was meant to phase out RON92 entirely.) (Pls ref...