Petrol Prices Drop in Malaysia


From the New Straits Times Online (change of loyalty here)

JOHOR BARU: Pump petrol prices will be further lowered before Hari Raya Aidiladha next week, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said yesterday.
He, however, declined to reveal the exact quantum of the price reduction, only saying that it would not be greater than the previous reduction of 15 sen per litre.

Shahrir was speaking at the closing of a business development seminar for traders and small enterprises at a hotel here.

The minister said there was a possibility that the price of diesel would be higher than that of petrol after the price revision.

“Now, we are facing an extraordinary situation, where diesel may be priced higher than petrol at the pump, and that’s the reason for the continued 43 sen subsidy for diesel as the price of diesel has become almost at par with petrol,” he said.

I’m curious when exactly gas prices will start following market prices.

This entry was posted on Wednesday, December 3rd, 2008 at 6:00 am and is filed under engineering. 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.

One Response to Petrol Prices Drop in Malaysia

  1. malaysian explorer says:
    December 3, 2008 at 2:43 pm

    Yes it’s really making us Malaysians think and I believe rightfully so that the government has a lot of explanation to do. When the price goes up gomen say cannot afford. Now price down, also cannot afford. What’s going on?

    Visit http://www.malaysian-explorer.com
    for information about Malaysia.

    Reply

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