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It has three times more energy than petrol per unit of weight, and when it burns, it produces nothing but water. âOur new hydrogen storage materials offer real potential for running cars, planes and other vehicles that currently use hydrocarbons.â. The fuel is expected to cost around $1.50 a gallon, or 19p a litre. Even with fuel taxes, the forecourt price is likely to be around 60p a litre â less than half the current cost. That would bring the price of filling a 70-litre Ford Mondeo down to around Â£42.
On 18 November 2008, the Malaysian government made further reductions in the price of gasoline cut pump prices by seven per cent to MYR2.00 ringgit per litre and diesel by 15 sen to MYR1.90 per litre. The government said that at current prices they were making about 30 sen per litre in sales. Then again on 3 December, petrol prices were reduced further. Gasoline prices were reduced 10 sen to MYR 1.90 per litre and as for diesel, they were reduced 10 sen to MYR 1.80 per litre.