Dr Mahathir: Petrol, Diesel Prices Here Still the Lowest

MALAYSIANS should be realistic and accept the fact that local petrol and

diesel prices may eventually have to be raised if crude oil prices remain

high, Tun Dr Mahathir Mohamad said yesterday.

He said the Government is left with no choice but to allow domestic

fuel prices to increase due to pressure from escalating global oil

prices, currently hovering around US$60 (US$1 = RM3.80) per barrel.

The former prime minister said even if petrol and diesel prices in

Malaysia are increased, they are still among the lowest in the region.

“I was in England recently and the price of the petrol there is almost

RM7 per litre, here it’s RM1.57,” he said after witnessing the signing

ceremony on the acquisition of Franklin Mint Porcelain Manufacturing Sdn

Bhd by Royal Mint Malaysia in Kuala Lumpur.