Malaysia - THE petrol price drop to RM2 has brought smiles to many road users in Penang although there are still complaints that the reduction is not enough.

Since Wednesday, the pump price for RON97 has been set at RM2 (S$0.844) per litre while RON92 is sold at RM1.90 per litre. Diesel is now sold at RM1.90 per litre.

Administrative worker K. Krishnan, 25, said compared to the peak price of RM2.70, the new RM2 petrol price was certainly good news.

"Now I don't have to restrict myself from going to far places due to the high cost of petrol," she added.

Shop assistant Kweh Teik Chai, 24, who drives a Proton Wira said the price reduction might not be a lot but it could help lighten the burden for some families.

Retiree Khoo Boo Eng, 63, who rides a Vespa scooter, however felt the price should have been adjusted according to the world market price for petrol.

"We are smart consumers and we know how to do our calculation. The current petrol price per barrel is just about US$55 to US$60. By right, we should only pay RM1.70 per litre," he pointed out.

Khoo felt the petrol price should have been reduced to RM1.92 like its old price.

Teacher Zulklifli Ahmad, 40, who drives a Proton Persona, said the 15sen price reduction was not good enough as the world market price for petrol was currently very low.

"When the price increased a few months ago, many of us were caught off guard and prices of other goods went up drastically. Now that the fuel price has come down, will the prices of other goods also drop?" he asked.

Newspaper delivery man, Satia Silan, 33, described the price reduction as "good but not good enough".

He said he had to pump at least RM10 of petrol a day and hoped that the price could reduce further so that prices of other goods could go down too.

Car sales advisor Lee Beng Hai, 43, who drives a Nissan Sentra said the petrol price hike had pushed up the cost of living, while salaries had not increased.

Businesswoman Sharifah Sal-ma, 46, who drives a Honda Accord said it would be better if the price of petrol could go lower.

Speaking at a dialogue sesssion with industrialists on Tuesday, Chief Minister Lim Guan Eng said the reduction in oil prices by 15sen was "too little".

"According to a study, it should be RM1.62 per litre to reflect the prevailing global low oil prices. This was proposed by an econo-mics professor from Univeristi Utara Malaysia (UUM), Associate Prof Abdul Rahim Anuar, on Nov 13," he said, urging the federal government to conduct daily revision on oil prices so that the people did not have to pay a higher price than the open market.