Malaysia, a land of many opportunities. I always believe that if you work hard enough and add some savvy into what you do, there will be money to be made. In any traditional business, there will be times money is made, and times when money is lost. Name me one traditional business where money is never lost? Oh wait, toll concessionaires, they never lose money due to the lopsided contract between the government and their cronies.
How bout petrol dealers? You would think they have been making wads of cash each time the price of petrol went up. They're always claiming the discount is the same. If the petrol price today is RM1.92, they pay RM1.72 from the suppliers.
Now that crude oil price is hovering around USD67 per barrel, the government has reduced petrol price, for the 3rd time now since reaching a whopping RM2.7o. It now stands at RM2.30 per litre. What irks me are the petrol dealers who claims to lose thousands of dollars each time there is a price reduction. And that is true, not taking away any credibility to their claims. Let's have a look at how they lose.
When the price was at RM2.70 per litre, they bought the petrol price at RM2.50 from suppliers. As soon as the government reduce the price to RM2.55, they claim to have lost considerably due to the old stock which they bought at RM2.50. Even with the 5 cents profit, they cannot overcome their overheads. Granted. And it goes on when it drops to RM2.45 and now RM2.30. Everytime it drops, they cry like babies.
Well, what about when the price went up? When they bought it at RM1.72 cents when petrol price was at RM1.92, what happened when the petrol went tp to RM2.70? The 20 cents profit shot up to Rm1.o8 per litre on whatever stock they had left. And this goes on each time there is an increase. Did I ever hear, "Govt, you're not being reasonable. You've increased my profits this month and now I have no choice but to buy a new car to offset it or I have to pay higher tax. Why are you doing this to me?"
There are 2 sides to the coin, petrol dealers are mostly cronies anyway. I said mostly, not all. There are of course genuine ones. But bear in mind you money grubbing operators, this is a business you are running. Be thankful you have a business that has been generating profits for you all this while. And with any traditional business, there is NO GUARANTEE of continued profits. And to the government, stop making decisions at your whim and fancy. Give at least a week's notice of any impending increase or decrease to not only dealers, but to consumers alike. It is obvious, they have not needed to queue up at petrol stations to experience the traffic chaos when everyone rushes to fill up before midnight. Even those who do not want to be part of that rush, are stuck along clogged roads filled with cars waiting by the road side near a petrol station, waiting for their turn.
Stop crying and to the government, stop managing Malaysia like it's just a game.
How bout petrol dealers? You would think they have been making wads of cash each time the price of petrol went up. They're always claiming the discount is the same. If the petrol price today is RM1.92, they pay RM1.72 from the suppliers.
Now that crude oil price is hovering around USD67 per barrel, the government has reduced petrol price, for the 3rd time now since reaching a whopping RM2.7o. It now stands at RM2.30 per litre. What irks me are the petrol dealers who claims to lose thousands of dollars each time there is a price reduction. And that is true, not taking away any credibility to their claims. Let's have a look at how they lose.
When the price was at RM2.70 per litre, they bought the petrol price at RM2.50 from suppliers. As soon as the government reduce the price to RM2.55, they claim to have lost considerably due to the old stock which they bought at RM2.50. Even with the 5 cents profit, they cannot overcome their overheads. Granted. And it goes on when it drops to RM2.45 and now RM2.30. Everytime it drops, they cry like babies.
Well, what about when the price went up? When they bought it at RM1.72 cents when petrol price was at RM1.92, what happened when the petrol went tp to RM2.70? The 20 cents profit shot up to Rm1.o8 per litre on whatever stock they had left. And this goes on each time there is an increase. Did I ever hear, "Govt, you're not being reasonable. You've increased my profits this month and now I have no choice but to buy a new car to offset it or I have to pay higher tax. Why are you doing this to me?"
There are 2 sides to the coin, petrol dealers are mostly cronies anyway. I said mostly, not all. There are of course genuine ones. But bear in mind you money grubbing operators, this is a business you are running. Be thankful you have a business that has been generating profits for you all this while. And with any traditional business, there is NO GUARANTEE of continued profits. And to the government, stop making decisions at your whim and fancy. Give at least a week's notice of any impending increase or decrease to not only dealers, but to consumers alike. It is obvious, they have not needed to queue up at petrol stations to experience the traffic chaos when everyone rushes to fill up before midnight. Even those who do not want to be part of that rush, are stuck along clogged roads filled with cars waiting by the road side near a petrol station, waiting for their turn.
Stop crying and to the government, stop managing Malaysia like it's just a game.
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