Petrol Prices Drop in Malaysia


Taken from the pages of Bernama:

Petrol Price Down 15 Sen A Litre Wednesday, Says Abdullah

KUALA LUMPUR, Oct 14 (Bernama) — The RON97 petrol price has been lowered by 15 sen to RM2.30 a litre, RON92 less 10 sen to RM2.20 and diesel sheds 20 sen to RM2.20 from tomorrow, announced Datuk Seri Abdullah Ahmad Badawi.

The downward revision followed marked drop in world oil prices of late, the prime minister said in a statement Tuesday.

Crude oil prices have dwindled from a record high of US$147 per barrel in July to US$82 currently.

Abdullah said the government decided to expedite reduction of petrol and diesel retail prices to enable the people to enjoy lower fuel prices immediately.

This is the third time the government had lowered petrol and diesel prices, with the earlier adjustment being on Aug 23 and Sept 24.

The government had on June 4 announced petrol price hike by 78 sen, up 41 percent, to RM2.70 from RM1.92 a litre following spiralling world crude oil prices

This entry was posted on Thursday, October 16th, 2008 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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