Taken from the pages of The Star online:Petrol prices cut by 15 sen per litre
PUTRAJAYA Oct 31: Petrol and diesel prices will go down 15 sen a litre from 12.01am on Saturday – the fourth reduction since August.
The new price of a litre of RON97 will be RM2.15 from RM2.30; RON92 will be RM2.05 from RM2.20; and diesel will be RM2.05 from RM2.20.
The prices will be reduced so that the people could enjoy the benefit of the recent drastic drop in global fuel prices, said Prime Minister Datuk Abdullah Ahmad Badawi in a statement on Friday.
The Star reported on Friday that petrol price will go down by 15sen and that petrol dealers expect another round of price cuts on Nov 15.
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said that if the world crude oil price continued to drop at the present rate, local pump prices would likely revert to the pre-June price of RM1.92 per litre.
Linking to my other article on comparitive pricing, the US gas price on 6th Nov is RM2.16 per liter (USD2.328 per gallon). You wonder, why do we have a subsidy if our prices are the same as US prices?
Wata - Malaysian Oil and Gas Engineer 
Actually, according to my sister (who is a price analyst at shell), pump price should’ve been lower than RM2.00/liter by looking at the crude oil price today. So… we’re actually paying duty to the gov’t. Forget about subsidy.
What a shame. Malaysia is still a net exporter, right?
Even nigeria (which Jabba spent some time with Shell) is an importer of fuel ! (nigeria produced 2million barrels of oil per day then).
Its how you manage your resources. Malaysia is a bit…. how should I say…. like jabba… make your people pay you to allow them to drink water.