The crude dynamics of the price of petrol

By Lim Kim-Hwa, Tim Niklas Schoepp

March 2015 UTTER ECONOMICS
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The price of oil dropped threefold within the first 20 days of this year, alongside a Ringgit that sorely depreciated against the US Dollar. With our dependency on oil money, how bad is the situation? As oil prices continue to drop, we examine the consequences.We know that Malaysia depends a lot on income from its oil and gas. But exactly how much? Well, a whopping RM73.4bil alone in 2013 was contributed by Petronas, Malaysia’s wholly owned oil and gas company,...

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Lim Kim-Hwa

is Chief Executive Officer of Penang Institute

Tim Niklas Schoepp

is a visiting analyst in Economics at Penang Institute.

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