Govt. Subsidy vs Petronas Profit
Facts and Figure
1999
Petronas Profit Before Tax : RM 11,884 Billion
Global Oil Price (US$ per barrel) : N/A
Malaysia Petrol Price (RM per litre) : RM 1.10 (From 1990 to 2000)
2000
Petronas Profit Before Tax : RM 21,611 Billion (Increase 82%)
Global Oil Price (US$ per barrel) : 24.68
Malaysia Petrol Price (RM per litre) : RM 1.20
2001
Petronas Profit Before Tax : RM 29,029 Billion (Increase 34%)
Global Oil Price (US$ per barrel) : 25.90
Malaysia Petrol Price (RM per litre) : RM 1.30
2002
Petronas Profit Before Tax : RM 24,318 Billion (Decrease 16%)
Global Oil Price (US$ per barrel) : 30.86
Malaysia Petrol Price (RM per litre) : RM 1.32, RM 1.33
2003
Petronas Profit Before Tax : RM 26,877 Billion* (Increase 11%)
Global Oil Price (US$ per barrel) : 31.54
Malaysia Petrol Price (RM per litre) : RM 1.35
2004
Petronas Profit Before Tax : RM 37,455 Billion* (Increase 39%)
Global Oil Price (US$ per barrel) : 40.28 (May)
Malaysia Petrol Price (RM per litre) : RM 1.37 (May)
Global Oil Price (US$ per barrel) : 53.13 (May)
Malaysia Petrol Price (RM per litre) : RM 1.42 (May)
2005
Petronas Profit Before Tax : RM 58,037 Billion* (Increase 55%)
Global Oil Price (US$ per barrel) : 56.26 (May)
Malaysia Petrol Price (RM per litre) : RM 1.52 (May)
Global Oil Price (US$ per barrel) : 58.70 (July)
Malaysia Petrol Price (RM per litre) : RM 1.62 (July)
2006
Petronas Profit Before Tax : RM 62,877 Billion* (Increase 11%)
Global Oil Price (US$ per barrel) : 61.64
Malaysia Petrol Price (RM per litre) : RM 1.92
2007
Petronas Profit Before Tax : RM 80,362 Billion* (Increase 14%)
Global Oil Price (US$ per barrel) :N/A
Malaysia Petrol Price (RM per litre) : RM 1.92
2008
Petronas Profit Before Tax : N/A
Global Oil Price (US$ per barrel) :128.00
Malaysia Petrol Price (RM per litre) : RM 2.70
Based on the above Facts and Figure,
(1) As the Global Oil Price Increase , Petronas Profit Increase
Rationally
(2) As Petronas Profit Increase, Government Subsidy Should Increase
(3) As Government Subsidy Increase, Petrol Price should remain or reduce
But
An UNRATIONAL GOVERNMENT
(1) AS PETRONAS PROFIT INCREASE
(2) GOVERNMENT SUBSIDY DECREASE
(3) PETROL PRICE INCREASE
(4) RAKYAT (PEOPLE) BURDEN AND SUFFERING INCREASE
WHY ARE THE GOVERNMENT ELECTED BY THE RAKYAT (PEOPLE) DOING THIS TO THE RAKYAT (PEOPLE)?
WHY ARE THE RAKYAT (PEOPLE) BEING TAKEN FOR A RIDE BY THE GOVERNMENT?
THE GOVERNMENT ARE TREATING AS IF THE RAKYAT (PEOPLE) are IDIOTS?
1999
Petronas Profit Before Tax : RM 11,884 Billion
Global Oil Price (US$ per barrel) : N/A
Malaysia Petrol Price (RM per litre) : RM 1.10 (From 1990 to 2000)
2000
Petronas Profit Before Tax : RM 21,611 Billion (Increase 82%)
Global Oil Price (US$ per barrel) : 24.68
Malaysia Petrol Price (RM per litre) : RM 1.20
2001
Petronas Profit Before Tax : RM 29,029 Billion (Increase 34%)
Global Oil Price (US$ per barrel) : 25.90
Malaysia Petrol Price (RM per litre) : RM 1.30
2002
Petronas Profit Before Tax : RM 24,318 Billion (Decrease 16%)
Global Oil Price (US$ per barrel) : 30.86
Malaysia Petrol Price (RM per litre) : RM 1.32, RM 1.33
2003
Petronas Profit Before Tax : RM 26,877 Billion* (Increase 11%)
Global Oil Price (US$ per barrel) : 31.54
Malaysia Petrol Price (RM per litre) : RM 1.35
2004
Petronas Profit Before Tax : RM 37,455 Billion* (Increase 39%)
Global Oil Price (US$ per barrel) : 40.28 (May)
Malaysia Petrol Price (RM per litre) : RM 1.37 (May)
Global Oil Price (US$ per barrel) : 53.13 (May)
Malaysia Petrol Price (RM per litre) : RM 1.42 (May)
2005
Petronas Profit Before Tax : RM 58,037 Billion* (Increase 55%)
Global Oil Price (US$ per barrel) : 56.26 (May)
Malaysia Petrol Price (RM per litre) : RM 1.52 (May)
Global Oil Price (US$ per barrel) : 58.70 (July)
Malaysia Petrol Price (RM per litre) : RM 1.62 (July)
2006
Petronas Profit Before Tax : RM 62,877 Billion* (Increase 11%)
Global Oil Price (US$ per barrel) : 61.64
Malaysia Petrol Price (RM per litre) : RM 1.92
2007
Petronas Profit Before Tax : RM 80,362 Billion* (Increase 14%)
Global Oil Price (US$ per barrel) :N/A
Malaysia Petrol Price (RM per litre) : RM 1.92
2008
Petronas Profit Before Tax : N/A
Global Oil Price (US$ per barrel) :128.00
Malaysia Petrol Price (RM per litre) : RM 2.70
Based on the above Facts and Figure,
(1) As the Global Oil Price Increase , Petronas Profit Increase
Rationally
(2) As Petronas Profit Increase, Government Subsidy Should Increase
(3) As Government Subsidy Increase, Petrol Price should remain or reduce
But
An UNRATIONAL GOVERNMENT
(1) AS PETRONAS PROFIT INCREASE
(2) GOVERNMENT SUBSIDY DECREASE
(3) PETROL PRICE INCREASE
(4) RAKYAT (PEOPLE) BURDEN AND SUFFERING INCREASE
WHY ARE THE GOVERNMENT ELECTED BY THE RAKYAT (PEOPLE) DOING THIS TO THE RAKYAT (PEOPLE)?
WHY ARE THE RAKYAT (PEOPLE) BEING TAKEN FOR A RIDE BY THE GOVERNMENT?
THE GOVERNMENT ARE TREATING AS IF THE RAKYAT (PEOPLE) are IDIOTS?
posted by Jason Leong at 11:17 AM
2 Comments:
sir,
you should also include our domestic fuel consumption and total oil production in your year to year comparison.
it will shines some light on why the need for petrol/diesel price increase.
what's the absolute amount of government subsidy year on year? perhaps we could see that too
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