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What can you do with Br$202million?

May 26, 2008

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.

2 Comments leave one →
  1. May 26, 2008 9:15 pm

    I wanted to write what I could do with BND202 Million, but then again, it’s not beneficial to the country… LOL… But, hmm wow…. scary facts though…

  2. Ramble On permalink
    May 27, 2008 8:33 am

    Share-share Kellaz..hehe. Yes $202m is a h@#* of money. It is yes, scary yea.

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