It's surprising to see how the world crude oil prices are falling like crazy. Just a few months ago it was about Rm450 per barrel and today it crashed to about only Rm195 per barrel. The Malaysian government however is making money from this as I calculated how much it would cost for about a liter of petrol. If the government weren't subsidizing anything, it would cost us around Rm1.70 per litter. But petrol prices are retailing at about Rm2.15 and the government said that they would always give us 30cents subsidy. If that were true we should be paying about Rm1.50 per liter at least.
Barisan National dissapoints us all.
As for those who are in Australia. The Australian currency has tumbled again once more dropping from 2.42 to about 2.25 in a day. The Australian dollar was about 3 to 1 to the Malaysian economy before the world economy crisis. Now it's smaller than the Singapore dollars. Isn't that great? haha!
My advice is to convert the Malaysian Ringgit into Australian Dollars before it's too late. Cause I actually see the Australian Dollars going up again later.
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