RM2.30 a litre at Petronas Coming back from a 3,500km motorcycle ride in Thailand last week, I was so happy to see these dials at the first Petronas station (top pic) after the Malaysian-Thai border. For a week we were paying almost double the prices in Malaysia (pic below).
In Songkla, you pay almost double Funny thing is when I commented on my Facebook how fortunate and grateful I felt that our fuel prices are still cheap despite the recent 20 sen inrease, some people were unhappy. They said I should compare prices not with Thailand but with some other oil producing countries like Indonesia and Thailand. Well, I've Googled the information for them since it's such hard work. Click here for prices comparo with Venezuela and Indonesia.
Note that not even the oil rich Arabs can match Venezuela's as-good-as-free fuel but it comes with a heavy price. Read here. Coincidentally, a local expert published in The Malaysian Reserve, the business daily I'm advising, two well-researched articles this week on the curse on countries that heavily subsidize fuel at their pumps.
Please read:
The myths of Petrostates: Is cheap fuel a blessing or a curse?
Blessing or curse Part 2