Petrol price hike up by 78 cents per liter from RM1.92 per liter to RM2.70 per liter. The new rate will effective by this midnight which is on June 05. The new petrol price is a highly burden to low-class and middle-class peoples, especially to students and fresh graduates. The funny part is, the petrol price keep increasing but then the average income in Malaysia are not increase at all. I believe it might give a very bad impact to economy soon. The inflation might become worst than before. To fix this problem, why not government open more NGV station which is the rate is far cheaper than petroleum. The installation cost for NGV tank is about at least RM2000. It’s a good investment for long-term use. I happily will install the NGV tank for my car if the government opens more NGV stations. Don’t just give the contract to Petronas, but for other gas stations too. I believe this is the best solution for now, at least!

You need to a flashplayer enabled browser to view this YouTube video
3 hours before June 5, tons of cars queuing for petrol at RM1.92 per litre rate (old rate) before it increase to RM2.70 per litre. I, myself que about 1 hour just to refill my petrol.

Location: Putra Heights, Subang Jaya, Selangor, Malaysia
Date: June 04, 2008 (Wednesday)
Time: 9pm

Price comparison from OIL PRODUCING countries
UAE– RM1.19/litre
Eygpt– 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
MALAYSIA– RM2.70/litre

We are exporter and not importer! Please don’t compare us to the countries who import the petrol. We have our own source of petrol. We got power to set the price instead of follow the international market price. Our government keeps saying our petrol is very cheap compare to Singapore. Yes, it’s due to our Ringgit is smaller than SGD. The truth is other countries are much far cheaper if calculate from their income instead of comparing our small money to other countries.