oink! oink! oink!
Tuesday February 26, 2008
DPM: Oil price to remain after polls
KUALA LUMPUR: Datuk Seri Najib Tun Razak has dismissed speculation there would be a fuel price hike after the elections.
“No, it doesn’t necessarily mean a price hike,” he said, when asked if there would be a fuel price hike after the polls due to the increase in fuel subsidies paid by the Government.
Is this for real? I doubt it! It's against economic logic, unless the government pump in more subsidy. But then again, what about the crude oil that we export extracted from our field? It must be tagged to the floating global price per barrel!
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