Petrol hike: The 20 sen question
RON95 goes up by RM0.20 per litre and it is now sold at RM2.10 per litre. The hike received mixed reactions. The majority sighed, some made it political while others pointed out this could see prices of goods and food increase. The defenders, however, state the hike is necessary. They argued many Malaysians remain ignorant when it comes to paying taxes but demand subsidies. There will also be those who will compare the cost of petrol here and in other countries. For the record, Malaysia's petrol prices remains the lowest compared to Singapore and Thailand, as per the chart below and on Bloomberg's website (for the record, Bloomberg compiled the information on August 2012.) Do also consider the cost of buying a car, the taxes involved (compare that to the Singapore structure ) and labour rates. A calculation of the difference in price on before and after the price hike Perodua Viva - 36 litres full tank (RON 95) RM1.90 X 36 = RM68.40 RM2.10 X 36 = RM75.60 Price ...