Malaysia Faces Bankruptcy If Oil Subsidy Continued

roccman

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"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins

"... hope is a rotten-thighed whore" Niko Kazantzakis

We are going back to roccland - me

misterno

1 dollar buys you RM 3.28

and gasoline sells for RM 2.70/liter in Malaysia

let's do the math

$/gal = 2.7/3.28*3.785 = $3.11/gal

Same gasoline can be purchased at international markets at $3.48/gal as of 06/13/08

Yes there is subsidy but not too much. The subsidy is 37 cents or. .37/3.48 = %10.6