PUTRAJAYA: The price of petrol prices is expected to go down on Sept 1 following a Government decision to float pump prices according to world gasoline prices.
Prime Minister Datuk Seri Abdullah Ahmad Badawi said in a statement Friday that the Government had fixed the subsidy to 30 sen per litre and will not increase the price to more than the present RM2.70 per litre this year.
The new price for petrol will be decided on the first of every month from now on. It will be based on prices of gasoline and not crude oil.
However, the new move does not cover the prices and subsidy for diesel, which is about 80 sen per litre.
According to analysts, the Government’s move shows that it anticipates a drop in world oil prices especially after the Beijing Olympics.
They said this would also ease inflationary pressure on the country’s economy thus enabling Bank Negara not to increase the interest rate.
World gasoline price was at US$129.19 per litre Friday. If the Government were to readjust the petrol prices immediately, pump prices will go down by 6 sen. -The Star (01.08.2008)
What can I say, not bad that DSAAB has the intention to lower the retail fuel price by a whooping 6 sen after increasing it from RM1.91 to RM2.69 per litre. Does DSAAB thinks that after the increase of RM0.78 and now a decrease of 6 sen will win the heart of the Rakyat back. Is he challenging our Malaysian public's intelligence???
Come on DSAAB, you gotta do better than that. We're not as stupid and cheap as you think just because you are. 6 sen...SHEESH!!!
To all politicians and ministers.....
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