Monday, March 23, 2026
DIESEL AT RM4.90 PER LITER
Diesel fuel is selling at RM4.90 per liter at the pump. It is going to send prices of everything up again. The whole world is delivered by trucks and lorries that run on diesel. All construction machinery and heavy equipment run on diesel. Construction costs are going to go up as well.
Oil price is at US$91.84 per barrel (WTI today's price in the US). Despite the Iran situation. The in-the-know people say the war plan covers SIX WEEKS and today is the 24th day of the war - four days shy of four weeks. The next two weeks will be the closing phases.
The regime in Iran is now being run almost completely by remnants of the IRGC leadership. The latest scare yesterday was the two missiles fired by the IRGC at the American military base at Diego Garcia in the Indian Ocean. It created a scare because Diego Garcia is 4,000 km distant from Iran. Implying that the IRGC has developed 4,000 km range ballistic missiles - enough range to hit Finland.
However both missiles splashed into the sea, at some distance from Diego Garcia. This implies that the missiles did not have sufficient range. It was psy war to trick people into believing that indeed they did have long range missiles. Thus increasing pressure on the western media to push for de-escalation. The trick seems to have worked because the legacy press has been playing up the "threat to Europe" angle.
Oil prices moved up a little. Lets see what happens tomorrow.
Some countries are facing serious economic problems - even without any help from the Iran situation. Pakistan closed its schools for two weeks. Offices and businesses in Pakistan have been told to work for FOUR DAYS only - to save on fuel consumption by the economy. Pakistan does not have foreign exchange reserves (US Dollars) to pay for a higher oil import bill. Plus they do not export much to accumulate foreign exchange reserves in the first place.
Indonesia is having problems too. The Indon rupiah is still crashing. It is now at 16,975 Rupiah to one US Dollar.
Here is the 5 Year chart for the Indon Rupiah vs USD. You can see it is doomed.
The Ringgit seems to be holding steady at around RM3.93 to the US Dollar. I hope it strengthens further. It will certainly help reduce price inflation of imported goods.
The private sector economy must be grown even more to totally eclipse the goverment sector. It will help to strengthen the Ringgit even more.
You decide on whatever conclusion that you want.
ReplyDeletehttps://x.com/i/status/2035946637298950293
💥 Russia: Ukrainian long-range drone swarm successfully struck the Port of Primorsk on the Baltic Sea in Leningrad region, 100km Northwest of Saint Petersburg. All on fire.
Russia has been exporting 1 million barrels of oil per day through this port.
1,000km from Ukraine.
https://x.com/i/status/2035949833098526994
💥 Russia: Massive Ukrainian drone strikes blew up vast areas of the Port of Primorsk, Russia's largest oil export terminal that processes 1.0-1.5 million barrels/day - 100 million tons of oil & oil products per year.
1,000km from Ukraine.
https://x.com/i/status/2036211012727087294
The one thing that changes regarding the form of warfare is the nature of the war being waged. With the results against energy and other infrastructure targets in the Middle East, this latest attack inside Russia is an example of the changing nature of the war in Europe where the direct attacks against significant energy infrastructure scales the war up a couple of strategic notches. I worry at what point do adversaries consider the next step beyond ballistic missiles? This should be part of everyone’s calculus. Not to be discounted for one second.
https://x.com/i/status/2035976539641438306
ReplyDeleteUkraine, meanwhile, tries to limit Russia’s windfall from rising oil prices. Ukrainian drones struck overnight the oil export terminal port of Primorsk on the Baltic Sea, near St. Petersburg.
https://x.com/i/status/2036240297298989432
ReplyDeleteJUST IN - Massive fires burn after loud explosion heard at the Valero oil refinery in Port Arthur, Texas.
How much the shadows fight saw glimpses of light glancing off its every back and forth in the public view?
ReplyDeleteHormuz close. London insurance no go. WH nah, we'll provide. Kremlin, here we can help. Now, Russky oil terminal get droned by the Ukraine dronemaster. Any popcorn available now that fuel price has increased? How about ite your own nail?
Who. Will. Capitulate?
https://x.com/i/status/2036133120882385058
The prediction was that Lloyd's of London would pull their insurance contracts. It happened to the day.
"Trump shows up 48 hours later with a shipping insurance plan. He led them into that trap knowing full well. He's in complete control of the situation." - @TFL1728
I didn't know diesel in Thailand was lower than Malaysia, hence the smuggling of diesel into Malaysia? Always something new to learn...
ReplyDeletehttps://x.com/i/status/2036265705239441857
Thai Enquirer News Summary - March 24, 2026
Gasoline Prices jump by 6% overnight
While you were sleeping, gasoline prices in Thailand rose by as much as 6%, the highest single day increase in decades. The rise was a surprise one as normal increases have been 1 Baht at a time and so far, prices have risen by 4 Baht/liter since March 18. More increase can be expected as Govt. claims that Thailand’s diesel prices are cheaper than Malaysia thus prompting ‘smuggling’ and price needs to match to halt that.
Food prices set to rise but Mama insists on not raising prices
Thai President Food Plc, the maker of instant noodle, Mama, has come out to say that it was not going to raise prices as the firm expects the war to be short lived and the process of raising prices takes months of approval process from Ministry of Commerce.
Foreign Investors Exodus
Foreign investors have been selling heavily on Thailand’s capital markets with the bond market witnessing up to 40 billion Baht in outflow since the war started and equity markets have also seen heavy outflow with nearly 43 billion Baht net selling in the past 23 days during the month of March.
More goods on ‘control’ list by Ministry of Commerce
The Ministry of Commerce plans to propose stricter oversight of essential goods at the Central Committee on Prices of Goods and Services meeting on March 25. The proposal includes adding 12 new items to the price-control list and tightening monitoring of 13 existing items. If approved, the total number of controlled goods would reach 71, mostly food, agricultural products, and items dependent on imported raw materials.
Read Details in the link below
Link – thaienquirer.com/68199/thai-enq…
#Thailand #politics #economy #investment #election2026 #politics #war #crude #food #inflation #usa #iran
More than 100 service stations across Victoria have run out of petrol while more than 80 have run out of diesel, as prices surge across the state.
ReplyDeleteNo Problem. Drive the Tesla today.
https://x.com/skynewsaust/status/2036315735996465639?s=46
problem caused by shailoks and wanks
Deletehttps://x.com/i/status/2036316452001644801
ReplyDeleteBREAKING: Philippine President Ferdinand Marcos said there's a “distinct possibility" planes may be grounded due to a jet fuel shortage caused by the war on Iran, Bloomberg reported.