To increase my readership, I’ve decided to take some words from the New Straits Times, dateline 2008-02-14:
Petrol and diesel prices are not likely to change as there is no significant change in world crude oil prices.
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said the ex-refinery prices of fuel remain high although the price of crude oil had gone down.
“As such, if we use the crude oil price as the indicator to lower fuel prices, this mean we would be giving out more subsidy,” Shahrir said at the Natural Gas Vehicle (NGV) Carnival organised by the Johor NGV Users Association here today. “We have already subsidised 30 sen a litre. If we are to lower fuel prices again, we will have to spend more for subsidy. Previously, there was no problem to base the pump prices of fuel on crude oil price. This is because the crude oil price is moving in tandem with the ex-refinery prices. Now, it is no longer the case.”
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
BTW, what do you do at the NGV Carnival? Rides on NGV fairground attractions? Win a NGV conversion unit during the raffles? Eat NGV themed delicacies? Or does it look like any other (add generic name here) carnival?
Posted by Wata 
Wata - Malaysian Oil and Gas Engineer 