RM2.70/litre (or for those of us who run on V-Power – that’s a whopping RM3.15/litre!) for petrol? For an oil-producing country, we’re 2 times more expensive than UAE, which goes for RM1.19/litre. What’s the world coming to? What’s Malaysia coming to?
Look at the chart below:
This is crazy. What’s your take on the hike? Vote!
How is it actually the world market price per barrel effect those oil price sold in those country? Do they apply the subsidiary concept or are they selling their own oil to their own people with lower price?