Now what? Petrol price cant be lower?
In my post yesterday, I just mentioned that we have stupid fuck up ministers and ministers wannabes who always and constantly shoot themselves in the feet (aka put their feet into their mouths).. And this one aint different anyhow… (getting fed up with this Bodohland politics.. Need to write something different over the weekend)
In case you do not know who he is, you guys sure have come across a local VJ on Astro (or any cable TV) by the name of Cheryl Samad right? Shahrir Samad is her father btw. This Suckreal Ass-mad (ok I know I am good at giving out names, I know that) who holds the portfolio of Domestic Trade and Consumer Affairs Ministry came out to deliver one of his best cock talking yesterday..

This is what the ass-mad guy said
“..He said this would bring some stability to the retail price of petrol and minimise losses by petrol station owners. Setting a minimum price would also enable the Government to reduce its subsidy on petrol if the global price fell further…”
Just in case you guys didnt know, let me tell you this. A petrol station owner earns only (yeah seriously) 9.5 cents per litre of petrol sold. And this has been the case for the past 10 over years or more. Previously it was 7.5 cents.. Imagine how the petrol kiosk owners are gonna survive with 9.5 cents per litre?
Even if the station sold 100,000 litres a month multiply that with 9.5 cents, the gross revenue per mth is only RM9,500. (That is not much, mathematically – if 1 car pumps ave 30 litres a day, 100,000 litres would mean an average of 112 cars a day). This is assuming if your petrol station is buzzing with cars. What about those that serve like 30 cars a day only? 9,500 is just gross and you have to minus your operating expenses and overhead, so that doesnt leave you with much to enjoy (haha I purportedly use the word enjoy)
WT-BF??? Suckreal speaks as if he owns all the petrol kiosk across Bodohland.. If he is so bloody concerned, then raise the profit scale of per litre to 15 cents la.. After all, it was 9.5 cents when petrol was retailing at 1.92 and it was still 9.5 cents when it sky rocketed to 2.70.. So right now, suckreal is so worried that the petrol stations will make huge losses if the petrol price went down below 1.92.. It makes no sense at all… Irrespective of what the petrol price is, the kiosk owners are still getting 9.5cents for every litre… It is just a matter of how much petrol a kiosk sells in a mth.. So what the fuck is he talking??
And he does one better by saying that if a minimum price was set, then the government would be able to reduce its subsidy when the global price fell further.. Hello mangkuk, I am taking this excerpt and posting it here again - when crude oil was at USD60 per barrel, fucking petronas was making 100 over Billion revenue with 30B profit.. What the fuck are you talking?? The last time, you said when petrol price goes up, the government has to foot a humongous amount of subsidy then now you are saying that the government will reduce its subsidy when the petrol price goes down, so why set a min limit?? Why not let it reduce further hence less subsidy?? WTF la you talking??? Do you know what you are talking or not in the first place??
And for the benefit of everyone, non oil producing country, which happens to be our neighbour Kiasuland is selling their RON98 at SGD1.80 (pls dont convert the currency). How come it is cheaper than Msia when compared dollar to dollar? And when crude oil plummeted from USD140 to USD60+ per barrel today, SG has reduced its petrol price at least 5 times from 2.30 to current 1.80. That is 22% reduction. Ours tomorrow will stand at 20% reduction on the other hand..
Read what Syed Akbar Ali has to say. His post went ‘Save the gas stations, sacrifice the country’
Alrite, also read my other article ‘Subsidy My Ass’ when I mentioned that petrol aint subsidized by the govt at all .. It is the normal trade that does all the balancing rather than pure subsidy itself. (Note: Petronas was making 100 over Billion revenue with 30B profit when oil price was at USD60 per barrel)
p/s: I know most of this because I wanted to start a petrol kiosk of my own until I saw the pre-reqs and the lack of benefits, I gave up






















