The declining of fuel prices in recent week has led some to mock PKR vice president Rafizi Ramli over his warnings of sky-rocketing fuel prices but the Pandan MP is firm that his warning is very real.
Rafizi said in the absence of a fuel price ceiling and the unpredictability of global oil prices, the trends can quickly reverse.
"They (critics) do not understand that the crude oil market is unpredictable and is subject to profit taking strategies by the global commodity traders...