Malaysiakini: When fuel subsidies cease, Malaysians pay petrol tax

It was understood that oil companies make a profit of RM0.19 and fuel station operators rake in RM0.12 for every litre of fuel purchased here in this country. If the laws of mathematics still apply, it can be inferred that the cost price of RON97 petrol is actually RM1.61. But why are Malaysians are paying RM2 instead? The Domestic Trade and Consumer Affairs Minister said margins in the pump prices and the cost was being returned to the government effectively as a form of tax...