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Showing posts with the label price cap

Competitive Petrol Prices Soon?

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The first article Today I was referred an article at Sinar Harian, " Perang Harga Minyak Bermula! ". Translated into English, it means, "The Oil Price Wars Begin!" And in that article there is a tantalizing line: "...setiap stesen minyak akan berlumba-lumba menawarkan harga bahan api yang istimewa bagi menggoda pengguna untuk mengisi petrol atau diesel di stesen mereka." Translated into English, it means, "... every petrol station will race to offer special prices for petrol to seduce consumers to fill in petrol or diesel at their station." That seems to imply that different petrol stations will have different petrol prices!

A Late December Post - RM1.80

As usual, petrol prices at the pump have been revised for the second time in a month. I must apologise for having a huge pile of work, inevitably postponing this post. But in these uncertain times, to be laden with work is a blessing. The world economy is suffering a beating and Malaysian employers are expected to lay off workers in 2009. The official estimate is that 102 employers will cut 4,729 jobs. The Malaysian Employers Federation estimates that employers will lay off 200,000 to 400,000 workers in 2009. The Minister of Human Resources, Datuk Dr. S. Subramaniam, reports that: in January 2009, 35 employers will cut 3,111 jobs; in February 2009, three employers will cut 1,523 jobs; and in March 2009, 64 employers will cut 115 jobs. [Source: Utusan Malaysia Online, 22 Dec. 2008. 4,729 Bakal Diberhenti ] On to the petrol prices. The prices of petrol were revised on 15th December 2008. The price of RON97 petrol is now RM1.80 per litre (Ref: Bernama, 23 Dec. 2008. Malaysia To Ride ...