Okay, you tell me what the local petrol price should be now, bearing in mind that they have removed subsidies completely now.
Of course, we also need to factor in the need to conserve scarce fossil fuels.
I think RM1.80 without any subsidy would be a more acceptable price now, taking into account the need to bring down food prices and stimulate the local economy while trying to encourage fossil fuel oil conservation and prevent wastage at the same time.
Thanks to Ong Eu Soon for compiling this chart:
| Petrol price | Global crude | |
| RM/litre | US$/barrel | |
| 01/10/00 | 1.20 | 35 |
| 20/10/01 | 1.30 | 20 |
| 01/05/02 | 1.32 | 26 |
| 31/10/02 | 1.33 | 28 |
| 01/03/03 | 1.35 | 31 |
| 01/05/04 | 1.37 | 38 |
| 01/10/04 | 1.42 | 47 |
| 05/05/05 | 1.52 | 48 |
| 30/07/05 | 1.62 | 57 |
| 26/02/06 | 1.92 | 63 |
| 05/06/08 | 2.70 | 120 |
| 17/11/08 | 2.00 | 55 |
