Thursday, July 31, 2008

Turun Turun Minyak!

In the last two weeks, the price of oil dropped tremendously from the peak height of $147 per barrel. As of this time, the current price for September would be $124 per barrel.

A few hours ago Dollah Badawi said that Government ould look into lowering petrol prices by September. It can be said easily but can he do it seriously? To augment the lowering of petrol prices, they should strengthened the ringgit against the dollar. It should be around 3.05 at this time. This would reduce the import costs and help to improve purchasing power among the people.

Don't be like Zimbabwe, Dollah!

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