The government has reduced the price of petrol in Malaysia (actually, they reduced it on Saturday, 23rd August, 2008 but I’m a slooow reporter).
The price of RON 97 was lowered to RM2.55 from RM2.70, while RON 92 dropped down 22 sen to RM2.40 a liter. Hey, which petrol station sells RON 92, I missed that.
Diesel will cost 8 sen less at RM2.50 a litre.
Those of you following Malaysian politics will be pleased to note that the Prime Minister Datuk Seri Abdullah Ahmad Badawi said that “we did this for the entire country and not just for the folks in Permatang Pauh.”
I would like to highlight what a spokesperson from the Consumers Association of Penang (CAP) said at another occasion. She asked whether goods and service providers, who used the petrol price hike to raise prices would now lower their prices.
Wanna bet they don’t?
Note that all this doesn’t effect the price of oil used by oil companies to derive economics to develop hydrocarbon assets. Also, I think it’s a shame that we have not provided more efficient public transport before the price drop was made.
On another note, Deputy Prime Minister Datuk Seri Najib Tun Razak said “… If the people do not appreciate the (fuel) rebates, it is better for us not to give rebates in the future.”
Wata - Malaysian Oil and Gas Engineer 
Interesting quotes mentioned!
i wonder why did he have to say “not just for folks in permatang pauh”… hm…
and… quite a threat that is to the people – to pull back rebates. Should the people threaten and stop paying taxes?