S'porean motorists take Malaysia's petrol price hike in stride

S'porean motorists take Malaysia's petrol price hike in stride
By S Ramesh, Channel NewsAsia | Posted: 04 June 2008

SINGAPORE : In a much anticipated move, petrol prices at stations across the causeway will go up by over 40 percent from June 5.

The current pump price of RM1.92 (S$0.81) will increase to RM2.70 (S$1.13) per litre, while diesel will cost RM2.58 (S$1.08) per litre.

Many Singaporeans took the latest announcements by the Malaysian government in their stride.

"It's reasonable since everything is going up. I am only pumping about RM25, so it is not much of a difference to me. The impact isn't really there," said one Singapore motorist.

"At RM2.70, it's still worth it for Singaporeans to come here. It's S$2.17 in Singapore," said another.

"It will not affect the Singaporeans, but for the Malaysians, they will be affected," said a third.

Market watchers said Malaysia's petrol prices are currently among the cheapest in this region. But if Malaysia decides to sell petrol at full market prices, then each litre could cost as much as RM4 per litre.

And when that happens, probably in August, many Singaporeans said they would think twice before filling up their tanks in Malaysia. - CNA /ls