Oil oversupply means lower petrol prices

If there are signs of higher demand and supply being the same or maybe reduced due to some unforeseen circumstances like war, logistics etc, then oil prices will go up. This will then cause the petrol price at the pumps increase too. For Malaysia, we are lucky because the subsidy given to Malaysians meant that no matter how the oil price moves, the petrol price will remain the same; WAY LOWER than all the countries with borders with us.