Petronas profit rises again and the government subsidy needs to increase if no price hike. The real question remains: How much the petrol price hike after the 12th General Election?
The gravity-defying price of oil shot through another barrier March 3, 2008 by briefly touching $103.95 a barrel in New York trading, the highest cost ever for black gold even after adjusting for inflation.
Chakib Khelil, president of the Organization of Petroleum Exporting Countries, said the 13-nation cartel is shying away from boosting production because of the U.S. economic slowdown, political turmoil in the Middle East and expectations of slackening global demand for crude.
No comments:
Post a Comment