Dateline 2013-07-18:
Malaysia’s fuel prices are among the lowest in the world, Deputy Finance Minister Datuk Seri Ahmad Maslan told the Dewan Rakyat today.
Only seven other nations — Venezuela, Saudi Arabia, Kuwait, Egypt, United Emirates, Iran and Nigeria — sold fuel at prices lower than Malaysia.
In his winding-up speech of a supplementary bill, Mazlan said Malaysia was able to sell cheaper fuel because of the significant subsidy borne by the government.
He was answering to questions by several members of parliament on why the country’s fuel prices remained high although Malaysia is one of the main oil and gas players.
“The reason for this is because of the subsidy that the government provides to help ease the burden of the people.”
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Wata - Malaysian Oil and Gas Engineer 