Oil Prices in Oil Producing Countries
Oil Prices in Oil Producing Countries
The following is the comparison list for Oil Prices in Oil Producing Countries sent by a friend. The oil prices are sorted in descending order. It seems that the highest price oil is in Malaysia. It may be due to cost of production. If you look at the cost of producing oil in Saudi Arabia and Malaysia there must be huge difference.
Note: The currency for comparisons is Malaysian Ringgit.
MALAYSIA RM2.70/litre
UAE RM1.19/litre
Eygpt RM1.03/litre
Bahrain RM0.87/litre
Qatar RM0.68/litre
Kuwait RM0.67/litre
Saudi Arabia RM0.38/litre
Iran RM0.35/litre
Nigeria RM0.32/litre
Turkmenistan RM0.25/litre
Venezuela RM0.16/litre
Dr. Çetiner’s Blogs (Dr. Beytullah Gültekin Çetiner) » Fuel Price Increase in Malaysia said,
June 8, 2008 @ 9:59 pm
[…] Fuel Price Increase in Malaysia Malaysia has become number one in the most expensive fuel prices among Oil Producing Countries. But do not worry. There is a solution. You can learn the solution to Fuel Price Increase in Malaysia below. […]
vahid said,
July 10, 2008 @ 12:16 am
First of all thanks to Dr. Çetiner for this informative blog. As an Iranian, I’d like to add a comment on the oil price in Iran. Although the price is claimed to be RM0.35, there’s a considerable restriction and each consumer has been allocated a quota on daily basis which is 3liter a day. So, a new price of about RM1 would be payable upon over-quota demands. This rule was about to apply prior to the recent crises and the coincident doesn’t accurately relate the two issues. Coming to Malaysia, well the most worried issue might be the influences of the higher increase rate on the prices of other items. Otherwise, people had been psychologically prepared.
Thanks
Nizar said,
September 17, 2008 @ 10:17 pm
Sooner or later, this will happen. In the future, oil will become more and more expensive. I can’t wait till Proton produces its electric car commercially.