The price increased for petrol yesterday had caused chaos scene in every petrol station in Malaysia. Most of the main road was jammed with vehicle lined up from station until 1st. or even 2nd. lane of main road. Drivers temper were getting hot due to traffic jammed and long queue, and angrily at those who jumped queue. In some area in Terengganu, people even prepare equipments to fill up petrol, and polices were assigned to control the chao situation.
Since the petrol price will be revised every month, these kind of chao condition will happen again by end of this month if the price increase again?
On another hands, even though the oil price in world market had shot up to US$ 135, but Malaysia Airlines managing director and chief executive Datuk Seri Idris Jala had commented that there is no shortage of oil in the world and its present price level was driven up by unreal speculation. According to him, as an ex-oilman ( he was a former senior executive with Shell Plc based in London and the Hague for almost 20 years), the fair value of crude oil at present should be only US$40.
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