Monday, April 13, 2009

How does the Malaysian government lose money when Petronas is producing oil?

If im not mistaken, Petronas is set up by the government and if so, why does the government need to increase our oil price when the oil we use is not even imported.. why do we need to follow the market value without realizing how much more value would the rakyat benefit in subsidized oil in our country??.. how is it a loss when this price increase seems more like a opportunity for the government to gain more money!

please give me a good reason, otherwise feel free to flame abt this scam!


Probably because it is a government ran oil company.

So it is not as efficient as a private company and so instead of it making itself more efficient--It can just raise it's price-after all it has no competition--LIKE ALL GOVERNMENT PROGRAMS DO

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