Oil Prices Comparison

Monday, June 9, 2008

Why our Government keeps on comparing with our neighbouring countries by saying that our fuel price is still the lowest in the region? For example Singapore (RM5/litre) and Thailand (RM4/litre). Why not compare with other oil producing countries across the globe as Malaysia too is an oil producing country? Take a look at the few countries below and their oil prices (after conversion)

UAE RM1.19/litre
Egypt RM1.03/litre
Bahrain RM0.87/litre
Qatar RM0.68/litre
Kuwait RM0.67/litre
Saudi Arabia RM0.38/litre
Iran RM0.35/litre
Nigeria RM0.32/litre
Turkmenistan RM0.25/litre
Venezuela RM0.16/litre

Damn, it looks like its cheaper to drink petrol than RO water in Venezuela. And our Malaysia? RM2.70/litre and is speculated to hit RM4/litre towards the end of the year.
Ok before somebody come accusing me of why I look to the Middle East only to compare. Well, lets take a look at Brunei, our oil producing neighbour. I quote from http://www.brunei-online.com/b...... and it says :
"With one private car for every 2.09 persons, Brunei Darussalam has one of the highest car ownership rates in the world. This has been attributed to the absence of comprehensive transport system, low import tax, inexpensive maintenance and low unleaded petrol price of B$0.53 per litre."
Well, they may have not updated the website and price, but I assume after recent updates and conversion, simple maths can tell us that it still costs less than RM2/litre.
ubahlah gaya hidup? MALAYSIA BOLEH!!!

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