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Category: Oil Price Related
News

If world oil price continue to drop, maybe no one will drive into Malaysia and pump our subsidized petrol…

By the way, this article is only aimed at those who drove into Malaysia to pump our subsidized petrol yeah. I know many Thai or Singapore drivers will pump petrol to full tank in their own country and does not even bother to pump any petrol in Malaysia. Think about it, seriously. With a strong Baht, it meant that oil prices will be cheaper. So, the price of petrol, even if there’s no subsidy will be lower.

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Oil Price Related

Oil oversupply means lower petrol prices

If there are signs of higher demand and supply being the same or maybe reduced due to some unforeseen circumstances like war, logistics etc, then oil prices will go up. This will then cause the petrol price at the pumps increase too. For Malaysia, we are lucky because the subsidy given to Malaysians meant that no matter how the oil price moves, the petrol price will remain the same; WAY LOWER than all the countries with borders with us.

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person putting gasoline on a vehicle
Oil Price Related

Maybe it’s the T10 and not the T15 who will not enjoy the petrol subsidy. Are you in T10?

This is something that will affect the ones who are affected daily, weekly, monthly and maybe even forever. We are talking about the petrol subsidy which is supposed to stop for certain segments of the population mid of 2025. This is where people pumping RON95 will no longer enjoy the RM2.05 per liter price of today but instead will be paying the market price instead. If the oil price goes up, then the petrol price moves up further. It was revealed earlier that the group which will be affected is the T15. Briefly, the top 15 percent of Malaysians where the household income is concerned.

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distributor on a petrol station
Oil Price Related

What if subsidy is based on the car we drive and not the salary we earn?

I am someone who believes subsidy has to be targeted and it’s not supposed to be for everyone because there are certainly people who do not need them. They want them but they do not need them. Sorry, I am not talking about the T15 group yeah. I am speaking about the ‘real’ mahakaya. There are many in Malaysia even if the percentage may not be as high as 15 percent.

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oil platfrom rig in the middle of the ocean
EV and Cars

Do we expect lower petrol prices soon?

Nope, not talking about the removal of subsidy for RON95. Of course that would push prices up lah. However, there’s this news that the global demand for oil is slowing down. Nope, I seriously do not believe this lower demand for oil is caused by Electric Vehicles (EVs). Not yet anyway until the sale of TVs surpass the world’s total number of internal combustion engine cars. As of now, the percentage is still very low except for probably China. China still needs huge imports of oil for all its industries yeah, so the demand will not go down simply because they have more EVs.

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distributor on a petrol station
EV and Cars

How many of us can afford to lose RM7.8 million per day?

This was an article about petrol subsidy rationalisation. Why do people from other countries love our petrol? (click to read) As a taxpayer, I hate it when strangers from other countries are benefiting from our subsidy and the government is spending tax money on further making others rich instead. Plus all the greedy station owners who chose to NOT to stop these purchases by foreigners who do not qualify to receive subsidies from our tax money.

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industrial containers and warehouse premises of plant
Oil Price Related

Bad News: Oil Prices could hit US$100 in 2024?

Currently, our RON95 is RM2.05 per litre. Within this year, it is expected that the subsidy for RON95 will be taken away and we could be looking at paying prices which are very much higher than what we are paying today. Do you want to know what are the typical prices? Here’s one very comprehensive article for your reference yeah: “Why people love to buy petrol in Malaysia if they could?” So, if the subsidy is taken away and then the below news are to happen:

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