As Malaysia enforces the managed float system at the start of this year, our petrol prices will rise and fall according to global oil prices. What triggers movements of oil prices in the global market? Senior Analysts at the Institute of Strategic and International Studies Ahmad Rafdi Endut explains the role of OPEC as well as how the removal of subsidies will affect the Malaysian economy going forward. 

Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  petrol prices,  global oil prices,  Aviation, Auto, Transport, Logistics,  Consumer Goods/Services,  Energy, Environment,  Environment/Sustainability