Malaysian PerCapita Income USD 5000   
                          VS 
Singaporean PerCapita Income USD  25000
Further The Star made a comparison of prices in  Thailand , Singapore and Indonesia . 
 
For  Thailand it is quoted at RM3.90/liter, however are they aware that in Thailand  new cars are cheaper than Malaysia by RM10,000? They pay only one life time for  their driving license? No renewal fee after that? Also that goes for road tax as  well? And do TheStar also aware that you can drive all the way from Hadtyai to  Bangkok on a six lane highway without paying any Tolls  ??!!
Whereas here in Malaysia you have to pay yearly  renewal for road tax , driving license and TOLLS, TOLLS, TOLLS!!! 
 For Singapore how can you quote RM 5.20 ? Please quote in Singapore Dollars  because they are earning in Sing Dollars. You might as well say Europeans are  paying RM10/liter. RM5.20/liter = Sing $ 2.20/liter, still cheaper than Malaysia  in view of fact that Singapore is not a crude oil exporter. Are you saying that  you fill up petrol in Singapore by paying Ringgit?  
In economy, dollar to dollar must be compared as  apple to apple. Not comparing like durian in M’sia is much cheaper than durian  in Japan !! Of course-lah, Japan is not durian producer!!! Comparing Malaysian  durian with Thailand durian make more sense!!
 For Indonesia we might say is cheaper there at RM2.07/liter but compare that  to their level of income!
Now, let us compare the price with OIL PRODUCING  countries:
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
MALAYSIA -  RM2.70/litre
RM 2.70!!! Individual  perspective:
As of last month a Toyota Vios would ’cause a  damage’ of about RM 89,000.
In the international market, a Toyota Vios is about  USD 19,000
USD 19,000 = RM 62,700 (using the indicative rates  of USD 1 = RM 3.30)
That makes Malaysian Vios owners pay an extra RM  26,300.
This RM 26,300 should be cost of operations, profit  and tax because the transportation costs have been factored in to the USD  19,000.
RM 26,300/ RM625 petrol rebate per year translates  to a Vios being used for 42.08 years.
I do understand that the RM 625 is a rebate given  by the government, but it also means that one has to use the Vios for 42.08  years just to make back the amount paid in taxes for the usage of a foreign car.  Would anyone use any kind of car for that  long?
Now with these numbers in front of us, does the  subsidy sound like a subsidy or does it sound like a penalty? This just seems to  be a heavy increment in our daily cost of living as we are not only charged with  high car taxes but also with a drastic increase in fuel  price.
With all the numbers listed out, I urge all  Malaysians to join me in analyzing the situation  further.
Car taxation is government profit, fuel sales is  Petronas’ (GLC) profit which also translates into government profit. The  government may ridicule us Malaysians by saying look at the world market and  fuel price world wide. Please, we are Malaysians, we fought of the British, had  a international port in the early centuries (Malacca), home to a racially mixed  nation and WE ARE NOT STUPID!!!
We know the international rates are above the USD  130/barrel. We understand the fact that the fuel prices are increasing worldwide  and we also know that major scientist are still contradicting on why this  phenomenon is happening. Some blame Bush and his plunders around the world and  some blame climate change and there are others which say petroleum ‘wells’ are  getting scarce.
Again we go back to numbers to be more straight fwd  
 1 barrel = 159 liters x RM2.70/liter = RM 429 or USD 134 
 On 1 hand, we are paying the full cost of 1 barrel of crude oil with RM2.70  per liter but on the other hand the crude oil only produces 46% of fuel. 
 Msia sells crude oil per barrel at USD130 buys back Fuel per barrel at  USD134. And not forgetting, every barrel of fuel is produced with 2 barrels of  crude oil.
1 barrel crude oil = produce 46% fuel (or half of  crude oil), therefore
2 barrel crude oil = approximately 1 barrel  fuel
In  other words, each time we sell 2 barrels of crude oil, equivalently we will buy  back 1 barrel of fuel.
Financially,
Malaysia sell 2 barrel crude oil @ USD 130/barrel = USD 260  = RM 858
then, Malaysia will buy back fuel @ USD 134/barrel  = RM 442/barrel
Thus, Malaysia earn net extra USD 126 = RM 416 for  each 2 barrel of crude sold/exported vs imported 1 barrel of fuel  !!!
(USD  260-134 = USD 126 = RM416)
So where this extra USD 126/barrel income is  channeled to by Malaysian Govt?????????
Another  analysis:
1 barrel crude oil = 159 liters.  
46-47% of  a barrel of crude oil = fuel that we use in our vehicles.  
46% of 159  = 73.14 liters.
@ RM 2.70/liter x 73.14 liter = RM197.48 of fuel  per barrel of crude oil. This is only 46% of the barrel, mind you. Using RM 3.30  = USD 1, we get that a barrel of crude oil produces USD 59.84 worth of petrol  fuel (46% of 1barrel). 
USD 59.84 of USD 130/barrel turns out to be 46% of  a barrel as well.
Another 54% = bitumen, kerosene, and natural gases  and so many more.
And this makes a balance of USD 70.16 that has not been  accounted for.
So this is where I got curious. Where is the  subsidy if we are paying 46% of the price of a barrel of crude oil when the  production of petrol/barrel of crude oil is still only  46%?
In actual fact, we still pay for this as they are  charged in the forms of fuel surcharge by airlines and road taxes for the  building of road (because they use the tar/bitumen) and many more excuse  charging us but let us just leave all that out of our  calculations.
As far as I know, only the politicians who live in  Putrajaya and come for their Parliament meetings in Kuala Lumpur (approximately  60+ km) are the ones to gain as they claim their fuel and toll charges from the  money of the RAKYAT’s TAX. 
It is so disappointing to see this happen time and  time again to the Malaysian public, where they are deceived by the propaganda  held by the politicians and the controls they have over the  press.
Which stupid idiot economist equates rebates for  rich or poor with the cc of the vehicles? An average office clerk may own a  second hand 1300cc proton Iswara costing $7,000 (rebate = $625) while the  Datuk’s children can own a fleet of 10 new cars of BMW, Audi and Volvo all less  than 2000cc costing $2 millions and get a total rebate of $625 x 10 = $6,250!  Wow what kind of economists we are keeping in Malaysia …wonder which phD  certificate that they bought from…
Misleading concept of  Subsidy:
The word  "subsidy" has been  brandished by the BN government as if it has so generously helped the rakyat and  in doing so incurred losses. This simple example will help to explain the  fallacy: 
 Example: 
Ahmad is a fisherman. He sells a fish to you at $10 which is below the  market value of $15. Let’s assume that he caught the fish from the abundance of  the sea at little or no cost. Ahmad claims that since the market value of the  fish is $15 and he sold you the fish for $10, he had subsidised you $5 and  therefore made a loss of $5. 
 Question : Did  Ahmad actually make a profit of $10 or loss of $5 which he claimed is the  subsidy? 
 Answer:
Ahmad  makes a profit of $10 which is the difference of the selling price ($10) minus  the cost price ($0 since the fish was caught from the abundance of the sea).  There is no subsidy as claimed by Ahmad. 
 The BN government claims that it is a subsidy because the oil is kept and  treated as somebody else’s property (you know who). By right, the oil belongs to  all citizens of the country and the government is a trustee for the citizens. So  as in the above simple example, the BN government cannot claim that it has  subsidised the citizen!