For every US$1 drop in oil price, gov't loses RM300 million - Mustapa

The drop in crude oil prices has resulted in fuel prices dropping to levels not seen since 2004 when petrol prices cost RM1.42 per litre.

But while the rakyat may rejoice, the sharp drop in fuel prices is bleeding the government, to the tune of RM300 million loss for every US$1 drop in oil per barrel prices....