It is About Sharing

Knowledge is for sharing. Do not keep your knowledge to yourself alone. Let it grows. The more you share, the more you learn and in the end you become a better person.

Surah Yaasin Amazing Recitation

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Al-Fatihah

Tuesday, October 28, 2008

Petrol oh Petrol!!! The Never Ending Issue

As reported: -
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The drop in the local retail oil price expected at the end of this month will not exceed 15 sen. Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad who disclosed this, said a drop of that amount was made to avoid sudden losses, especially for the petrol station operators nationwide.
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Frankly speaking, I do not know how exactly the petrol station operators doing their business. But from what I know, they only earn a small percentage of the petrol sold to the consumers. the petrol station rental is based on their petrol and diesel’s sales volume.
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But what really puzzled me with the above news report is that is it real that a sudden drop of oil prices can cause sudden losses to the petrol station operators nationwide? If it is true as reported, then logically speaking, these petrol station operators must have recorded a huge profits when the price of the petrol was increased from RM1.92 per litre to RM2.70 per litre. So, if they have recorded such a huge profits, why can’t they suffer losses? I wonder why???

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