QUOTE(Travies @ Dec 7 2010, 12:23 PM)
crude oil price is increasing. but would like to ask malaysia is producing own petroluem rite? what is the use of petronas? and when crude oil increase, G straight increase the price overnight. when crude oil price is down, the price is still maintain there and reduce gradually.
We maybe producing crude oil but we don't refine enough Petrol. Malaysia is a net importer of petrol refined by other countries. We sell crude but we buy petrol. The crude money is used to subsidise the RON95.
Dec 7 2010, 01:09 PM
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