The
price of crude oil has increased by 400 percent in the last three
years. It follows that the price of products must increase, sooner or
later. In other countries petrol prices had already increased. In the
United Kingdom one litre of petrol sells for more than one pound
sterling or RM7. In the United States it is about RM5.
That the
price in neighbouring countries has gone up is shown by the rush to
fill up by Thai and to a lesser extent Singapore vehicles.
The
Government has now announced an increase in petrol price by 78 sen to
RM2.70 per litre, an increase of more than 40 per cent.