Oil price hike and Petronas

With the drastic rise of 40% petrol price, the prices of all goods are rising rapidly. This has caused an upheaval in the economy and much unhappiness among the people. businesses are stalling, and there is undertainty about the future.
Let us look at some of the reasons why the drastic rise of fuel price is too excessive:

COMPARISON OF PUMP PRICES BETWEEN MALAYSIA AND OTHER OIL PRODUCING COUNTRIES.
Saudi Arabia RM 0.38
UAE 1.19
Egypt 1.03
Bahrain 0.87
Qatar 0.68
Kuwait 0.67
Iran 0.35
Nigeria 0.32
Turkmenistan 0.25
Venezuela 0.16
MALAYSIA 2.70/LITRE

COST OF OIL PRODUCTION
As the production cost per litre is only 7.49 sen, don't you think RM2.70 per litre is too much?
There is no justification for pump price of petrol to be RM2.70 which is way above the price set in other oil producing countries in Middle East, Africa or South America.
With the increase of oil price in the world, as an oil exporter we should be making lots of money!Our natural resources should be used to help people and not to profit recklessly at their expense. Prime Minister Abdullah has a lot of explaining to do.
Petronas should be more transparent and be people friendly.

PETRONAS PROFIT
Petronas produces 650,000 barrels of oil each day, out of which 250,000 barrels were for export and the balance of 450,000 barrels for domestic consumption.
At US$130 per barrel, less US$10 for production cost, profit per barrel would be US$120.
Estimated profit per year would be 250,000 x 120 x 365 x 3.3= RMR 36.1 billion
If we include profits from natural gas, investments in other countries, Petronas’s earnings would reach record levels.

PETRONAS WEALTH TO REDUCE SUFFERING OF THE PEOPLE.
The evidence is definitely against any increase of pump prices for Malaysians. Pump prices should return to a reasonable level - the same as in other oil producing countries.

REFORM PETRONAS
Since its inauguration in Parliament in mid seventies, its operations have been shrouded in secrecy. It is time for Petronas to be answerable to Parliament, to open its accounts to the people and to institute new policies for a healthy and vibrant industry