Oil Price at RM1.80!

As the Daily crude oil price now stay at RM43.25 per barrel. There's a big possibility that our petrol price will drop to RM1.80 at most! I strongly believe there's another drop...maybe it will be the last! As government will announce that it's the bottom line of oil price at RM1.80. Government will announce the price drop after 15th this month and likely to be 16-19th as what most of us expected.

Although Investors expect OPEC to slash production by at least 1.5 million barrels a day, matching the group's cut in October. Which means crude oil price will rise if demand higher but at the same time the demand for crude oil is getting lower and lower as global recession is on going.


Anyway,do try these 2 Petronas credit cards while pumping. I use CIMB Petronas card, it's FREE FOR LIFE with NO ANNUAL FEE,better yet it will reward us with 2% of your total oil consumption and 0.5% on other transaction! 2% doesn't seem much but look at it this way, now as petrol stay at RM1.90,after deduct 2%,it's RM1.862 means that you are having the cheapest oil in town! haha...see the difference? :-)