Let me show you how to calculate our country (malaysia) petrol price:
1 barrel = 42 US gallons = 158.76 litres
Now, refer price of crude oil/barrel above, assume $45.60.
Then, convert $1 Usd to RM, assume $1= RM 3.7262.
Thus, now the petrol price at Malaysia should be:
Price/litre = $45.60 * RM 3.7262 / 158.56 litres
= RM 1.07 ONLY!
Conclusion, we are paying extra for the fuel price... See la..
