Screenshots

Current price for a NYMEX barrel of oil = US$59.90, as of 8.00 am yesterday morning

1 barrel = 158.984 litres.

Price per litre sold in Malaysia = RM 1.92

Let's see this....

Conversion

US$59.90 -> Ringgit (taking forex as 1 USD = RM4)

59.90 *4 = RM 239.60 per barrel

So the price of crude oil per liter is:

158.984 litres / RM 239.60 = RM 0.66 cents per litre

....Am I calculating this right?

Crude oil without transport, or processing is RM 0.66 a litre?

let me rephrase that...

the price of crude oil is RM0.66 per litre without subsidies, processing or transport costs....

What goes up and never comes down?

Answer: Malaysia's fuel prices or is it Malaysia's toll prices?

Some months back while I was in Singapore, I noticed that Singapore has reduced their fuel prices TWICE in line with the reduction per barrel of crude oil. Malaysia was silence on this matter. Who says Malaysia has no money? We have money to sent people into space to make teh tarik and play games and also to build an overseas sports complex costings RM 490mil. And, more mega projects like the RM400mil for the Istana?

Should I trust the govt with my future? I can hardly make ends meet and these increases will add more burden to me and my family. It is not that the govt have no money. It looks like they are spending it for the wrong things and reasons. Should I vote for to keep them in power?

I hope the Oppositions work together to field enough to change the govt in the next election.

Heads I win, tails you lose. It has always been that way to the rakyat. When was the last time we had goodies from the govt?? TNB and water tariffs have gone up, Petrol price has increased and now the latest tolled roads.

When I was in the states, petrol prices were around 1USD per US gallon. 1 US gallon = 3.78 liters, roughly about 66 cents/liter (exchange rate was RM 2.5 to USD 1 then), but in M'sia petrol was retailing for RM 1.03 or RM 1.09 then. So where did the additional money went then??

"Some months back while I was in Singapore, I noticed that Singapore has reduced their fuel prices TWICE in line with the reduction per barrel of crude oil."

It was actually TWICE in one week!

Folks,

General election is due sometimes next year or early 2008. Govt is in now way in the mood of doing charity to rakyat. Lotz of $$$ needed to ensure electoral votes remains in their hand.

it seems my maths is really bad...

the division part is upside down.

the price for a litre of crude oil is RM1.51...

how much is the price of refined petrol without the subsidy?

Price of diesel on MOPS (singapore) is around USD540/MT.
A Metric ton is 1180 litres @ ambient temp.
Ignoring temperature fluctuations, it comes to about RM1.65/litre from a refinery in singapore.
Petrol in the form uf ULG (unleaded Gas) is slightly more than diesel in litres. With shipment and storage, the government is actually making money from every litre of petrol you purchase i.e. RM1.92/litre but loses money from diesel.
Subsidising/price control/government interference in the market is not the way forward. By subsidising/manipulation, those who are involved in the trade (that includes diesel/sugar/rice/steel)makes tons of money by smugling, either to industries or neighbouring countries.
We may be indirectly funding the insurgents in southern thailnd and the Phillipines due to this.i.e rice smuggling from thailand into malaysia and diesel and sugar the other way round.
Anwar should use free market principle as the platform for his comeback. If he wish to, he can nationalise the highways instead of messing with subsidies.

All the lame excuses for the prices increase. But, why all the questionable, unnecessary and extraordinary expenses?

We need a more efficient and honest government. What can we do?

hasilox

well, there's this thing called an election coming around soon.

highlight every single grouse or misdemeanor you can spot in the current government and inform as many people as you can.

keep this momentum up, and there should be a shift, although I wouldn't be too optimistic.

Its sad that the Govt is willing to spend hundreds of million on a "space tourist program" but not on more pressing and beneficial programs for the Rakyat.

Even if oil price drops to below USD50 a barrel, I can bet that the Govt will not bring down the price of petrol. Any takers?

peace2all

actually the government paid hundreds of millions for jet fighters from Russia.

'tour of space' came as a freebie.

Aput83,

You can't convert 100% of crude oil to your daily petrol. You can only convert roughly about 60-65% at its best. The leftovers are manufactured to something else.

i love bn gov.......HIDUP BN, HIDUP BN

aput83

Rusia want palm oil. Malaysia want fighter planes. Palm oil worth more than fighter planes. Rusia add in space tour to the deal. That is no freebie.

At the moment in NZ, if you shop more than $40 in New World supermarket; you are given a 4 cents per L off docket for your petrol. Some supermarket offer slightly more. Better than nothing eh?

Ya, cost included as part of the deal. But the space tour cum teh tarik experiment is a gimmick and does not benefit us. The government were conned by the Russians!

Maybe it's time the government change their lifestyle a bit, or we will vote anything, PAS, Keadilan, kedebuk-kedebak, whatever that comes, other than BN.

eantautjk,
The market rate for a space visit is only US$20mil; not even RM80 mil (A quick check using Google can verify this). Yet, here our super effective government paid RM95 mil. Ridiculously, this is on top of the billions ringgit purchase.

How do we know the fighter jets are not 20% above market rate, like in the case of space-taxi service? WOW..if so, that is hell a lot of money being STOLEN or CHEATED.

eantautjk,

considering the fact that Russia has a high reserve of natural gas, which they export throughout ex-USSR countries, what are they doing with palm oil?

DIGI says: IT'S TIME TO CHANGE!

Dear Aput83,

your price for a litre of crude oil is RM1.51 is being transformed into

1. Asphalt
2. Diesel fuel
3. Fuel oils
4. Gasoline
5. Kerosene
6. Liquid petroleum gas (LPG)
7. Lubricating oils
8. Paraffin wax
9. Tar

by the Oil Refinary Process. Please add up the price on all of the 9 by-products/items above.

We should demand for Gasoline proce to be retailed at RM1.22 per litre by now...

"The government were conned by the Russians!"

Nah! hard to believe. More so somebody got very rich in the process. Our Govt went in with their eyes WIDE OPEN.

...Or was it mouth open?

"Maybe it's time the government change their lifestyle a bit, or we will vote anything, PAS, Keadilan, kedebuk-kedebak, whatever that comes, other than BN."

Too late. I have made up my mind already :-). Can't take the risk for the next 5 years with more corruptions, cronyism, marginalisation, bullying, raping of the country, ineffectivenes, nepotism.....

Dear Merdeka,

Year 1990 election results had proven that you need to make Annuar Ibrahim Standup strong, make Husam Musa also standup strong.

If you repeat the 1990 history a reality in 2008, uncle kit can't be standing up strong against Pak Long. Because Pak Ngah and Pak Su will always very weak all the time. So you should know where your registered vote to be with. Balik ke desa over !

I remembered the day when the government announced that the price of fuel will be increased 'to reflect the increase of crude oil price globally'.

Now that the price of crude oil has gone down, why isn't the government reducing the price of fuel?

It seems that the price for just about everything is going up, while our salaries remain the same.

It's getting more expensive to live in this country, especially in major cities like KL. A fresh graduate would be lucky to get a job with a basic salary of RM2,000. After deducting room rent, car installments (the public transportation system isn't well integrated, and if you're doing sales having your own transport is almost a pre-requisite), the oh-so-expensive petrol (considering the fact the we are an oil-producing country), food, clothes, etc., there's little money left.

No wonder more Malaysians are being saddled with credit card debt. No wonder my friends who studied overseas choose to work there and not come back here.

If this continues, in the next few years, we will lose our brightest brains and the younger generation will be burdened by debts that will take a lifetime to settle.

To the leaders of our government, whom we have entrusted to take care of our wellbeing, whom we have elected to ensure that our needs and our rights as citizens of this country are taken care of: What are you doing for us, the future generation? Why are you squabbling over petty issues in the parliament, when the future of this country, the next 10, 20, 30 years, is at stake? When the economy is on a tightrope and our buying power isn't what it used to be? Why are you leaving a mess in your trail? Is this your legacy to us? To burden us, the younger Malaysians? Buck up! We elected you because we want a better future. Because that is what you promised us. We did not elect you so that you can make yourself, your family and your small circle of friends richer. We did not elect you so that you can enjoy the perks of being a minister/Wakil Rakyat and act with impunity. We elected you because we trusted you.

I'll leave this country as soon as I get the chance. I am disillusioned by my own 'tanah tumpahnya darahku'.

Hmph. Tanah tumpahnya darahku? This country is bleeding me to death.

govt now collect duit banyak to build up war chest. then when GE comes they will throw in some goodies in the form of petrol subsidy and the rakyat vote them into power again. YESSSS. Lets hope for an early election then we can get cheaper fuel. Money is the way to the heart of the rakyat. You cant win em, you buy em.

frankly, i dont care about the petro prices... toll prices ect. Its all about left pocket to right pocket, willing and dealings, unacceptable attitude and mentality thats pissing me off! Raise all the price you want and put the money into efficient use where it come back to benefit every malaysian, then i dont care. But what happen is that... once it goes out, you just dont see it coming back to you.

Anytake on that?

dudes, that 90 odd million is to train our space congkak player for the inter-galactic board games and teh-tarik making competition. problem is, once that's finished, what is this fella going to do when he comes back? no seriously... a Tun award, shitloads of cash (for spending taxpayers money!), land, house... and then what? run around promoting minyak gamat to battle G forces? 90 mill down the effing drain? no kidding.

in AU, fuel prices dictated by world oil prices. gomen here also making people here install gas tank in car, almost all subsidised by gomen. they give people rod to fish here, not the fish. so over the last 4 months, there was a point fuel price was $1.45 and then when world prices dropped, it dropped to $1.08, etc. the gomen is not all good here, but damn, not as bad as our goons at home la.

all that petronas profit.. where else?! where the hell else?!! all going into their pockets la. what else is new? we're just getting robbed and will continue to be until the country runs out of oil. then these goons will start other schemes. EPF savings, look out!

hehe

That Teh-Tarik thing still amazes me. Can't they tell what is going to happen? lol

Water, in zero G... you want to tarik what? lol. The teh tarik will be floating around lah. lol

Pak Lah’s government cannot afford to reduce fuel prices for the time being. Money is URGENTLY needed elsewhere. Minsiter Keng Yaik will meet on Dec 8 chairing the Electricity and Tariff Planning Development Committee to solve the Bakun issue seeking approval from the Cabinet for the investment needed to lay ground & undersea cables (cost RM9 billion) OR to set up an aluminium smelting plant (cost RM8 billion). The problem is timeframe. The damned dam is scheduled to complete in 2010 and “it takes four years to build whatever facilities”; so a decision is needed urgently NOW. And the dilemma –now there is a power surplus; it would take around 10 more years for demand in Peninsular Malaysian to catch up with supply.
Even the funds (RM 3 billion) for West Coast highway was not available so it was cancelled and Samy announced it was ON again the next day as some cronies are interested in it
More details of the Bakun Dam saga and inter alia at:
http://powerpresent.blogspot.com/2006/11/worlds-largest-white-elephant-rm76.html

AAB will reduce price before elections, and everybody will "feel good" and vote BN back. That will be the only "good decision" he can take or make

Other than that I don't think AAB will last longer than one term. UMNO delegates don't give a hoot to him at the last UMNO GA.

On the toll gates near Subang Jaya & Shah Alam, do you know that the operator collect a cool one million ringgit a day? Here is the calculation : there are certainly more than 250,000 cars passing through in both directions everyday. Say 125,000 cars from KL/PJ to Shah Alam/Klang & 125,000 cars from Klang/Shah Alam to PJ/KL. For one who live in KL/PJ & work in Shah Alam/Klang, he passes through & pay tolls 4 times & vice versa. Therefore 250,000 cars x RM1.00 x 4 times = RM1,000,000

Many years ago, my engineer friend who was involved in designing & construction of the conveyor conduit for transfering the cash collected at each of the toll booth to the office by the road side (this was commissioned as a result of an earlier robbery) found out at that time when the toll rate was about 50 to 60 sen the daily collection was already about RM300,000

BaganSPU has a fine point....even if our refineries produce gasoline, there are other products made at separate levels, which are then sold out to other product makers.

And as someone pointed out above, about 60-65% of crude oil is actually used to make petrol. Does this mean that our refineries take the 35-40% of crude oil to produce the other byproducts?

Was it RM190 Million from that sports centre in England? And the other what...other millions for that Palace? How about the other Ms for the bailouts?
Oh..get this...all those Ms that we keep giving the councils so that they can change the trees, place more colourful lights on the streetlamps....oh Tourism malaysia spending 40m to place Tourism Boards in Stamford Bridge....and of course the famous 95m on the space tourists....

We keep spending and spending....yet if you really paid attention. During the UMNO meeting, when they kept asking for more, those powers that be in that social club, all came in expensive cars...whilst the poor Pakcik and Makcik travelled in coaches...

If Anwar Ibrahim can pull together a respectable team, which I very much doubt, then we can see some change. Otherwise, we will just have to keep paying more for less . . .

Oh....MPSJ's 1.5million Pigeon structure in that 'Merdeka corner- SS13' has been closed for some 2 years now....and the structure...welll, it walked!

Ken Watanabe, LOL. maybe he will use a transparent tube connecting two "mangkuk" and show the Russians how "teh tarik" works in zero G. The russians must be thinking he is a clown or something.

Ranting about low fuel prices, then you all should worry about the 2P(Petronas and Proton) future.

Beside hydrogen cell automobile, develop country and major automobile start involving in another hybrid - Air car

http://auto.howstuffworks.com/air-car2.htm
http://en.wikipedia.org/wiki/Air_car

So indeed, those in gahmen must loot everything before the trend change.

I still haven't seen any credible calculations on how much the subsidy is. It's easy. The US does not have any subsidies for petrol, hence their prices always move when crude moves. At gasbuddy.com, the avg price is now 2.248USD/gallon. That is equal to 2.15 RM/liter (using the conversion rate of 3.62RM/USD and 3.785liter/gallon). The current pump price is 1.92RM/liter, meaning that the subsidy (even with the drop in crude) is 0.23RM/liter or 10.6%.

My point of view is that the subsidy should be abolished, as well as the taxes on cars. The current policy encourages people to own old cars and waste petrol; this is absurd as peak oil is around the corner.

any tender to supply tea, milk, mugs and sugar for the teh tarik in space...?

wat about the batu serembans that they gonna play with and the gasing...?

who gets the contract to supply those...?

* Malaysia : land of opportunity!

land of the ever increasing of prices, tariffs and also creating absurd records!!!

and they say they dnt hv de money to help "subsidise oil, toll charges and etc...?

creating dumb projects to fill sm other people [cronies]pockets more like it.....

yeah. vote...vote la lagi....

the normal cycle we malaysian get every year.....

- haze
- blame Indonesia.....
- create dumb records...!
- beat the previous dumb record the year later.....
- fuel price hike!
-promise for no toll hike...!
- another fuel hike...(!)
- promise for no more fuel hike.....
- budget : civil servant gets 3 month bonus......
- but still kena toll hike...!
- Malaysian football rank : berkadar songsang dengan status kenaikan harga minyak petrol, tol dll....
- dumb projects!
- dumb projects approved...!
- dumb projects suddenly go quiet....(sports centre in UK any1...?)

and since some1 will try to better the Malaysian Book Of Records every coming year, i wonder how would our next "crazy-digit" Angka-Sawan will improve the record on the teh tarik in space thing...?

suggestions please.....

my suggestions (just for laughs....)

* making roti tisu KLCC in space...(double record there, the first and tallest roti made in space...!)

* main teng-teng (hop scotch on the moon!

* performance of dikir barat on zero gravity...!

Andrew,

you're a genius. so how exactly are we to convince the government to get rid of the import duty, so I can buy a Prius?

eventhough i am taiko besar, in my super humble opinion, i think the space taxideal is done like this...

russian deal with a bumiputra company..offer them rm80 million...

bumiputra company offer malaysian government rm95 million.. making a net profit of rm15 million..

that's why it's so costly..

just a guessing..

two years ago, honda brought in a 1.3 civic hybrid into malaysia and retail it for RM103k. there were no takers. So aput83 can make enquiries at Honda jalan ampang next to bukit nenas.
The big sellers were the 2 litres and 1.8 litres which cost more. The only way we can save this planet is for the oil to run out.

in malaysia, there is no such things as 'what goes up must go down', only 'what goes up, never goes down'.

we all knew this culture, like proton, to protect our car industry, they burden us with those tax for imported cars.

but one thing that hardly comes up....salary.

since petronas is making such good profit why not acquire all those toll concessionaires and have it managed by petronas. toll based on operating cost. this could help.
so govt show that you care

since petronas is making such good profit why not acquire all those toll concessionaires and have it managed by petronas. toll based on operating cost. this could help.
so govt show that you care

since petronas is making such good profit why not acquire all those toll concessionaires and have it managed by petronas. toll based on operating cost. this could help.
so govt show that you care

THE Malaysian Govern-man seems have problems with their mathematics and decision making... these ppl are paid so much that their heads are all screwed up... with money;

Scrap the scenic bridge, pay millions in compensation = good decision

spend millions and Send 2 Astro-nuts to space to play gasing = good decision

600million to be spent in two weeks (Source: Malaysiakini) to cronies and probably no result = good decision

crude oil price up, petrol price up = good decision

and when crude oil price down, petrol price no change = good decision

Malaysian pockets running deep, increase toll = good decision

Build millions on palace for a few person, while others in the Ulu places are struggling to have shelter = Good decision

Buying millions worth of land at very huge discount for cronies, while rakyat struggling to pay mortage for a small house = good decision

Par Value is the correct valuation of equity instead of market value = good decision

Asking rakyat to change lifestyle when the leader himself don't need to change lifestyle = good decision

TIME TO CHANGE THE DECISION MAKERS / LEADERS OR WE WILL ALL BE SCREWED!

well we shd THINK CAREFULLY before we vote next time huh...?

or even bother voting at all....(?)

leandre

an "Abstain" vote would do better.

aput_83,

well, abstain vote is an option,

but what guarantee do we have that de next govrmnt will be better...?

out of the frying pan....into de fire...?

leandre & aput83,

if you don't vote, you will still be in the pan. but if you vote, there's still a chance you won't end up in the fire. the choice is yours.

oh, another thing, if you don't exercise your right to vote, i don't see why you need to complain so much about the government? afterall, you've never voted for them.

voting records has your name and election slip coming together with an election slip number....in the registration, theres no way that they cant know who you voted for!

so there is no such thing as " Undi Anda Adalah Rahsia"

but come to think of it, u do hv a point. im certain de govmnt will win again. but i hope the margin will be lesser so that they knw that people are unhappy. then again, i dnt wanna elaborate so much on this, but put in this scenario : you voted for the opposition . The goverment still retain power. and records of your affiliation is there.

V for Vendetta (the movie ) went : The people should not be afraid of the government; the government should be afraid of the people! oh i wish it so....

they know who you voted for... so? i don't know about you, but if i've nothing else to loose, should i care if they knew who i voted for?

no wonder BN managed to win time and again. other than the racial card, they still have this "I-know-who-you-voted-for-in-the-last-GE" trick. no wonder Malaysia is still in a mess!

and de mess is about to get deeper...!

leandre, you said, "V for Vendetta (the movie ) went : The people should not be afraid of the government; the government should be afraid of the people! oh i wish it so...."

i say, why don't we make it so? with everything going down the drain in this country, sooner or later, you don't have much to loose anyway.

which is deeper? the mess or your pocket?

i'd say, as they (the gomen) digs deeper into your pocket, we should go and dig deeper into their mess (read: corruption).
how's that for a deeper mess vs. deeper pocket? LOL.

im sure dat like me & you, loads of people out there are unsatisfied with the way stuff are bein run. well guess we all should start workin for it huh.....i agree with you. just dat we need the best effective means in projecting the idea...

voice out! and at the current time, forums like this is important. (thanks Jeff)

-heyyy...maybe you can set up a think tank on how to counter de shit thats been goin on....you know..like a formal thing made up entirely by the average Joe,Muthu, Leong and Mamat.

make a malaysia wide survey. voice outs. and make the result transparent to the govmnt and the public alike.

public opinion polls like in the US sedikit sebanyak helps. so i hope it (and many other steps) to be started , in makin our country where

"The Rakyat Voice Speaks the Loudest, and It Is Heard, Accepted and Taken account On"

deeper pockets : deeper mess : deep shit (at the background, still toll hike....dig deeper! )

"but what guarantee do we have that de next govrmnt will be better...?

out of the frying pan....into de fire...? "

I believe no one can guarantee that. But we need not be afraid. Even if we went into the fire, it will be just for 5 years and we have the vote to switch it back. We were in the frying pan for damned long already, what is 5 years!

Leandre, dig deeper until pocket koyak.... until pants also tertanggal... LOL

how low can u go...?

evrybody...together

"how low can u go...?"

"how deep can it go...?" (de pocket diggin)

"how low can it go....?" (our country)

"how low can they go...?"
(our politicians)

"how long can we go....?"
(stan with the crap arnd us...)

-i need to get a new belt, and more elastic pants!

ordinaryperson,

well, the problem with this is the UMNO's Malay neoconservatism stand that's become so entrenched that the Malay majority will vote for them. Thus causing UMNO to win every time.

I think the Chinese and Indians are more liberal with their votes in certain areas.

Well, we'll just have to leave the job of convincing the Malays either through Keadilan and/or PAS. This is all the more reason why the Opposition needs to work together to form a formidable force against the BN hegemony.

Until BN is defeated or at least, have their pride suffers a blow in an election, they will remain forever puffed up & corrupted to the core. As it is, most of these BN ministers & wakil rakyat are only busy enriching themselves, their families & cronies, plus doing everything they can to ensure that things stay that way. - Percisely why we, the rakyat, need to tell these corrupted politicians: "ENOUGH IS ENOUGH!!!"

Aput83 says: considering the fact that Russia has a high reserve of natural gas, which they export throughout ex-USSR countries, what are they doing with palm oil?

Duh!!!Natural gas/Petroleum from Russia edible meh?

Btw, I dont think it is fair to put the blame or ridicule our future astronaut. It is really no fault of theirs. Blame the policy maker.

correction, eantautjk. blame it on the guy who says our astro-nuts will be doing things where no one has done in space before...

damn! this guy just took my favorite captian's line and twist it into something really cheap & corny!!! bugga! >:(

eantautjk

care to give me a link, 'cause I've been looking high and low, and I can't find anything.