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Price of oil lowered due to support for war and competition.
Prices of quality 1 and 2 oil in Malaysia have been lowered by multiple firms partly due to competition and partly due to support of the defense of Malaysia.
The minimum price of quality 1 oil for instance has fallen 10 cents from 80 cents to 70 cents. One of the companies selling quality 1 oil is Nexergon. When asked whether it was making profits, company representative shared that it did not and was merely selling the commodity at cost.
Upward pressure on wage is likely to prevent further decrease in price, unless companies are willing to take a loss.
The minimum price of quality 2 oil stands at 84 cents while price of quality 3, the highest quality available at the market at the moment stands at 1.25 dollar.
The minimum price of quality 1 oil for instance has fallen 10 cents from 80 cents to 70 cents. One of the companies selling quality 1 oil is Nexergon. When asked whether it was making profits, company representative shared that it did not and was merely selling the commodity at cost.
Upward pressure on wage is likely to prevent further decrease in price, unless companies are willing to take a loss.
The minimum price of quality 2 oil stands at 84 cents while price of quality 3, the highest quality available at the market at the moment stands at 1.25 dollar.
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first! that's your own company, chirdruid.
lol. should add signs : Bernama
or Bloombery or Malaysian Insider...lol