What can you do with Br$202million?
Za’im Zaini of the Borneo Bulletin reported an interesting fact on what could be used with the Br$202million (or around USD150m) subsidy of gas and diesel last year from the Brunei Government:
– 2,880 units of low-cost housing;
– 20 health centres;
– 12 schools;
– 170km of new roads;
– 100,000 new computers for schools; and
– 1,400 scholarships for students on a first degrees course overseas.
Other interesting facts:
– The $202m subsidy was the highest since the introduction of subsidies in 1978;
– The subsidies paid for 2007 on premium 97 gasoline per litre is $0.3293, super 92 is $0.3207 per litre, regular $0.4127 and diesel $0.4990;
– According to the current market price, subsidies paid on premium 97 gasoline per litre is $0.49, super 92 is $0.48 per litre, regular $0.55 per litre and diesel $0.67 per litre;
– Gasoline remains the highest in petroleum products used as in 2007 with over 250 million litres; in 2006 it was more than 300 million litres;
– Brunei’s price for gasoline is the lowest priced in the region per litre at a rate of $0.53 per litre as well as diesel at $0.31 per litre.
Please conserve energy.