Nov. 20 (Bloomberg) — Crude oil fell for a fifth day, approaching $50 a barrel, as the contracting world economy increases concerns that demand for fuels will slow.
U.S. fuel use during the past four weeks averaged 19.1 million barrels a day, down 7 percent from a year ago, an Energy Department report said yesterday. Equities [...]

BEIJING (Reuters) - China will impose a long-awaited fuel tax “very soon,” the head of National Development and Reform Commission’s (NDRC) Energy Research Institute said in comments reported on Tuesday by the China Daily.
“The announcement will come very soon, and actually specific plans have already been suggested to the government long ago,” Han Wenke, director [...]

Gustavo Capdevila interviews UNCTAD expert MICHAEL HERRMANN

GENEVA, Nov 18 (IPS) - Developing countries are not safe from the damaging effects of the current financial crisis, as had initially been forecast, but so far the impact has not been “dramatic,” according to UNCTAD economist Michael Herrmann.
In this interview with IPS, Herrmann says countries of [...]

By Shannon Teoh
KUALA LUMPUR, Nov 18 — Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad revealed today the government has stopped subsidising petrol since Nov 1 and has been effectively collecting taxes instead on petrol consumption.
Speaking to reporters in Parliament, he explained that even after the 15-sen drop today, which saw RON97 petrol dropping [...]

KUALA LUMPUR : Malaysia on Monday cut petrol prices by 7 per cent, bringing pump prices down to 2.00 ringgit (0.56 dollars) per litre as global crude prices continued to ease.
Deputy premier Najib Razak said the 15 sen cut would be effective Tuesday with diesel also reduced by 15 sen to 1.90 ringgit per litre.
“This [...]

KUALA LUMPUR, Nov 15 (Reuters) - Malaysia will announce a fuel price cut on Sunday or Monday following a steep drop in the price of crude oil, a government minister said on Saturday.
“You can expect an adjustment in the fuel price because the average crude oil price for the past two weeks has been below [...]

PERTH, Nov 13 (Reuters) - Oil slid for a third straight day to hit a 22-month low of $55 a barrel on Thursday, after a 5 percent overnight loss, as mounting pessimism about the global economy outweighed OPEC’s comments that it could cut output again as early as end-November.
OPEC officials, concerned about oil’s steep drop [...]

TAHUKAH anda memberi subsidi kepada kerajaan antara 60 sehingga 72 sen setiap liter diesel atau petrol yang anda beli di stesen minyak.
Ini kerana harga yang anda bayar dipam adalah jauh lebih mahal daripada harga sebenar di loji penapis minyak.
Siasatan Suara Keadilan menunjukkan harga depot diesel di loji penapisan Tangga Batu, Melaka pada 24 Oktober 2008 [...]

Call me crazy but with global crude oil prices having more than halving since it peaked at close to USD150 per barrel, this is definitely one of those rare opportunity to make a permanent structural change to the economy by effectively eliminating the fuel subsidy.
The growth rate of subsidy size at the current prices must [...]

NEW YORK (Reuters) - Oil dropped more than $4 a barrel on Friday as gloom about a global economic downturn sapping fuel demand took the steam out of an OPEC agreement to cut output.
Ministers of the Organization of the Petroleum Exporting Countries agreed at an emergency meeting in Vienna to take 1.5 million barrels a [...]