Excerpt – The price of crude oil has tumbled 55 percent from its peak of $147.27 reached in mid-July. The Star
Pump prices was at RM1.92 when crude oil was trading around US70 – US90 per barrel. It shot up to RM2.55 when world oil price hit record high at US147.27 in mid-July.
Now that the oil price hit another record ‘low’ at US67 per barrel, I have the reason to hope for a drop of atleast 20% at the pump.
