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.
August 29th, 2005 at 12:43 pm
Then a certain Prime Minister would have the honour (and hold the national record) for being the PM with the highest number of petrol hikes during his (short) tenure.
August 29th, 2005 at 6:00 pm
Lets pray, hope the incident over and during these times, our beloved PM wont announce a price increase for petrol