The market talks have had it right - our fuel price is going for free floating and it rockets immediately to RM2.70 per litre. Goodness, it is a whopping 40% jump.
The news serves a blow to consumers at large who have already been badly squeezed out by the rising food prices.
You may ask: Dude, do you see any likelihood of reversion ahead of us?
There is slim chance, except when the oil price bubble goes bursting internationally.
The international funds have been going into a betting frenzy on oil price. That wild speculations have driven up the international oil price, leading to a probable formation of price bubble.
But don't bet too much for the ugly bubble to burst!
3 days ago