On 1 hand, we are paying the full cost of 1 barrel of crude oil with
RM2.70 per liter but on the other hand the crude oil only produces 46% of
fuel.
Msia sells crude oil per barrel at USD130 buys back Fuel per barrel at
USD134. And not forgetting, every barrel of fuel is produced with 2
barrels of crude oil.
1 barrel crude oil = produce 46% fuel (or half of crude oil), therefore
2 barrel crude oil = approximately 1 barrel fuel
In other words, each time we sell 2 barrels of crude oil, equivalently we
will buy back 1 barrel of fuel.
Financially,
Malaysia sell 2 barrel crude oil @ USD 130/barrel = USD 260 = RM 858
then, Malaysia will buy back fuel @ USD 134/barrel = RM 442/barrel
Thus, Malaysia earn net extra USD 126 = RM 416 for each 2 barrel of crude
sold/exported vs imported 1 barrel of fuel !!!
(USD 260-134 = USD 126 = RM416)
So where this extra USD 126/barrel income is channeled to by Malaysian
Govt?????????
Another......