THE recent sharp drop for world oil price trend is a cause for concern for Malaysians. In August, bent crude oil was priced at US$105 (RM343.77) per barrel which tumbled to US$85.40 (RM279.60) last week translating to a 19% drop.
What are the implications on the various stakeholders especially Petronas, the Government, petrol stations and the consuming public? Not good, I should say. Except for the petrol kiosk owners, all of the rest lose out in one way or the other.
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