Oil price hit US$ 70
Monday, August 29th, 2005 | 11:17 pm @ SK
[UPDATED VERSION] Maxis SMS alert at 11:00am
Oil prices have hit record highs of more than US$ 70 a barrel as Hurricane Katrina forced oil firms to shut down operations in the Gulf of Mexico.
Petrol price to follow suit soon.
Watch out.
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Deputy Prime Minister Najib Tun Razak has hinted at a possible increment. Quote:
"The public should appreciate and understand that this is not the government’s fault.""They should not put the blame on the government if there is a need to raise the price of petroleum products in the market." […]
Fast and furious.