Oil Prices Rise Again 2010 & 2015

Kinds of efforts that the government do to reduce the increasing government subsidies. If before, the Malaysian government to implement the proposed second oil price in May was supposed to but did not continue after listening to the various parties about the pros and kontranya. Recently, said oil prices rose further by 15 cents for each liter of oil prices present for 2010

Value to 15 cents is only the beginning of this year alone. Anyhow, at the price of RON 95 petrol is now sold at RM1.80 per liter. The proposed increase in oil prices comes from a body that is responsible for advising the government on ways to reduce fuel subsidies

The proposed petrol price was made at the public presentation of the government's early efforts to reduce budget deficits in countries that are now in a situation of concern to the total RM362 billion.Under the proposal submitted to the advisory board, the price of petrol will rise by a further two times at a rate of 20 sen for every increase in the year 2011. Whereas, during the years 2013-2015, rising oil prices will move slower. At the end of 2015, the expected price of RON95 petrol at RM2.60 per liter.The proposal to reduce the fuel price subsidies:

        * Year 2010: Oil prices rose 15 cents (1 times)
        * Year 2011: Oil prices rose 20 cents (2 times)
        * The year 2012: Oil prices RON95 (RM2.20 per liter)
        * Year 2013: Oil prices RON95 (RM2.34 per liter)
        * Year 2014: Oil prices RON95 (RM2.52 per liter)
        * Year 2015: Oil prices at RM2.60 per liter
However, the proposed increase in oil prices as above is not yet approved by the government of Malaysia. It is expected that world crude oil prices were around U.S. $ 73.06 in 2011 for every barrel and the price of crude oil stood at U.S. $ 79.41-$ 94.52 for the year 2013-2015.