June 5, 2008 will mark another major petrol price hike again and this round will be the highest in Malaysia history with RM0.78 increase. This is really insane and we are still being told that our Malaysian inflation rate is low at 4% per annum. At leaving the office, I happened to pass by some petrol stations and thought of why not fill up the tank before 12am tonight so I can still enjoy a tankful of RM1.92 petrol. However, the long queue and lines of cars at the stations really drive me off and I felt so upset that it is the first time on my way home, there are traffic jam. The traffic jam is due to the lines up of cars in to the petrol station to have the last minutes rush of cheap petrol.
I am actually looking forward to go to KL this week but now seeing this high price of petrol price, I could be calling off the thoughts.
I am wondering what is actually mean for Malaysia, a nation with petroleum export for foreign exchange but we suffer with the fluactuation of the crude oil price. Am I wrong that Petronas is earning billion every years?
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