i’m saimatkong

It’s the time again! Petrol and Sugar price increased again! So other thing will follow to shoot up the price except our salary, how to survive like that?? =(

The price of sugar will go up 25sen to RM1.75 per kg; LPG will go up 10sen to RM1.85 per kg; petrol RON95 will be up 5sen to RM1.85 per litre and diesel will be up 5sen to RM1.75 per litre.

RON 97 will no longer be subsidised. It will be subjected to a managed float, where the price will be determined by the automatic pricing mechanism. The question is, petrol price increase other price follow but when the petrol price decrease or reduce, the other price will not go down and it will not float but only up! That’s the worst case!

I just went to pump and it’s RM1.85 now! =( but luckily only 5sen but it’s still my hard earn money!

Before Fuel Price Increased : 33.31 Liter for RM60
After Fuel Price Increased : 32.43 Liter for RM60

So in conclusion, each RM60 pump will rugi 0.88 liter, if pump full tank will rugi 1.2 liter which will translate to 1.2 * RM1.85, so each full tank I gonna pay more RM2.22

Before if you pump RM80 which will translate to 44.444 liters
Now if you pump RM80 which will translate to 43.243 liters

So you will only rugi 1.2 liters which will translate to RM2.22! Wow. How much will you rugi? So I cannot have my nasi lemak + teh tarik for breakfast anymore… =(

Prices of sugar, petrol, LPG, diesel to go up Friday

Subsidy removed for RON 97 petrol

KUALA LUMPUR: From Friday, the subsidies for sugar, petrol, liquefied petroleum gas and diesel will be cut as part of the gradual subsidy rationalisation programme, according to a statement from the Prime Minister’s office on Thursday.

The price of sugar will go up 25sen to RM1.75 per kg; LPG will go up 10sen to RM1.85 per kg; petrol RON95 will be up 5sen to RM1.85 per litre and diesel will be up 5sen to RM1.75 per litre.

RON 97 will no longer be subsidised. It will be subjected to a managed float, where the price will be determined by the automatic pricing mechanism, the statement said.

The details of these changes are now available on the PMO and PEMANDU websites, at: www.pmo.gov.my and www.pemandu.gov.my.

On May 27, Minister in the Prime Minister’s Department Datuk Seri Idris Jala had said that Malaysia would be bankrupt by 2019 if it did not cut subsidies and rein in borrowings.

He had said that Malaysia’s debt would rise to 100% of GDP by 2019 from the current 54% if it did not cut subsidies.

Meanwhile, In ALOR SETAR, Prime Minister Datuk Seri Najib Tun Razak said that when implementing the subsidy rationalisation plan, the Government would seek not to burden the people.

He said the rationalisation move was necessary to reduce Government expenditure and strengthen the financial position of the country.

“It will help reduce the fiscal deficit so that world and local markets will have more confidence in the national economy,” he told newsmen after opening the Kuala Kedah Umno division meeting here on Thursday.

He added that the Government was reviewing all types of subsidies.

The full press statement from the Prime Minister’s office is below:

1. To help Malaysia maintain the strong growth it has achieved, the Government has implemented difficult but long-needed economic reforms that will help Malaysia become a developed and high-income nation. In this regard, the Government has begun a planned and fair reform of a subsidy regime that for too long has been ineffective in helping those who need it most and, over time, has become a barrier to Malaysia’s progress.

2. The Government has made bold economic decisions over the past two years. Two stimulus packages were introduced, promoting growth, even as the global financial crisis spread. Important sectors of our economy further liberalised were opened to new investment.

The Government cut spending by RM24 billion, by reducing waste and inefficiency. As a result, the country’s economy has been reinvigorated, with 10.1% growth in the first quarter of 2010, Malaysia’s best performance in a decade. Although there is still instability in the global economy, Malaysia is well positioned for the future – not by chance, but by the choices we have made together.

3. As set out by the Prime Minister when he announced the 10th Malaysia Plan, Malaysia’s national goals cannot be achieved by simply managing through a crisis. Malaysia’s ambition is to be a high-income nation, with opportunity for all.

4. In the New Economic Model, the Prime Minister set out plans for further investment in key strategic sectors, upgrading our infrastructure, creating additional private sector investment opportunities and realizing higher levels of GDP growth.

However, growth alone will not allow us to meet our goals. As the Government has consistently said over recent months, we must also implement subsidy reforms that will remove distortions in the marketplace and enable us to better target our resources on those most in need, and on investments that will provide lasting benefits for Malaysians.

5. With these priorities in mind, the Cabinet has decided that, effective 16 July 2010, subsidies for fuel, specifically petrol, diesel and liquefied petroleum gas (LPG), as well as sugar, will be reduced as the first step of a gradual subsidy rationalisation programme.

Subsidies for RON 95 and diesel will be reduced by 5 sen per liter. LPG will be reduced by 10 sen per kilogram. RON 97 will no longer be subsidised. It will be subjected to a managed float, where the price will be determined by the automatic pricing mechanism. For sugar, the upward price adjustment will be 25 sen per kilogram. The details of these changes are now available on the PMO and PEMANDU websites, at: www.pmo.gov.my and www.pemandu.gov.my

6. These minimal changes will help Malaysia achieve a position of fiscal responsibility and put us on a path toward reducing our deficit. To meet these objectives, we have chosen to make adjustments to our subsidies. Even after these changes, the Government will still spend an estimated RM 7.82 billion on fuel and sugar subsidies in 2010. The prices of fuel and sugar in Malaysia will still be among the lowest in the region.

7. This subsidy rationalisation will, according to estimates, allow Malaysia to reduce Government expenditure by more than RM 750 million in 2010.

8. The decision to reduce subsidies for fuel and sugar is based on the fact that reducing fuel subsidies will have the greatest impact on government spending and reducing sugar subsidies will allow us to promote healthier lifestyles. The decision is also grounded on three main concerns:

a. First, these subsidies also benefit foreigners and wealthier Malaysians, who can well afford to pay unsubsidised prices. Our focus should be on helping the family sharing a motorcycle or Kancil to get to work and school, but instead our spending on subsidies has provided the same benefits to those driving imported luxury cars.

The sugar subsidy disproportionately benefits industries, not families. Businesses have been using almost twice as much subsidised sugar as Malaysian households.

b. Second, highly subsidised prices often lead to illegal smuggling of these goods. Because subsidies make these products the cheapest in the region, in 2009 alone smugglers were caught heading out of Malaysia with more than 200 metric tonnes of sugar to be sold across borders.

Also, subsidised diesel continues to go to the black market or across our borders, instead of to those we meant to assist. Law enforcement have been doing their best to prevent smuggling, with 109 sugar related arrests last year. This is the tip of the iceberg. As long as there are big price differences, smuggling will continue. And:

c. Third, unless we reduce our consumption of fuel and sugar, we face potentially serious consequences as a nation. We are quickly depleting our domestic fuel resources. It is vital that we rationalise our fuel use – as well as develop new energy technologies – as a matter of economic, energy and national security.

In this regard, we have implemented a number of policies to protect the environment. We must also reduce our sugar consumption. 40 percent of Malaysians are now either overweight or obese.

Incidents of diabetes are rising quickly. Statistics show that the percentage of Malaysians with diabetes now exceeds that in the United States. We must, as a matter of urgency, take every step available to tackle what is clearly a public health issue for our nation. Reducing sugar consumption, among our children in particular, is a step in the right direction.

9. These are among the reasons why the Government has chosen to focus on sugar and fuel subsidies. Subsidies for education and health care will continue. These are areas of importance for our economy and our society where the Government should be investing.

These include, providing support to develop skills, training the knowledge based workforce of the future and improving the well-being of the nation.

10. The Government arrived at this decision following robust consultations with the people. Thousands of Malaysians participated in the policy labs, Open Day and an unprecedented public feedback process.

As with subsidy reform, the budget, the Government Transformation Program and now the National Key Economic Areas, the Government has made a determined effort to engage the public, listen and learn, and then act in the best interest of the nation.

11. These measures are designed to have a minimal impact on individual families, but long-term benefits for the nation. The reduction in expenditure from these reforms will allow us to better use resources for families, communities and business growth.

Measures such as the 1Malaysia clinics, the 1Malaysia mobile clinics, as well as the scholarships for all 9A+ and deserving students, specifically those who have done well, but come from lower income families, are made possible by such reforms.

Similarly, by reducing expenditure on subsidies we will be able to continue strengthening such initiatives as the price standardisation project, which seeks to harmonise prices of essential goods between urban and rural areas in Sabah and Sarawak.

12. The Government has made a difficult, but bold decision. By choosing to implement these modest subsidy reforms, we have taken a crucial step in the right direction towards meeting our commitment to reduce the fiscal deficit, without overburdening the Malaysian people.

These measures are a demonstration of our fiscal responsibility. They will enhance Malaysia’s financial stability, while also protecting the Rakyat.

Prime Minister’s Office
Putrajaya
15 July 2010

Source : TheStar

Okie… Confirmed tiered fuel plan scrapped but now what? “Fuel prices set to rise…” for all the CC no matter you driving 800cc Kancil or or aboce 2.0cc cars… It’s no different, this is because it’s set to rise 10 sen.

Will it affect our roti canai, teh tarik, mamak or kopitiam price again? Please do not do that… Petrol price increased, they increase the roti price but when petrol price reduce the increased price will not be decreased… It’s not fair right? =(

So you will see more cars queuing up at petrol station waiting for get their tank full on 30th April, before 1st of May and less car on the road the next day due to the fuel price increased. and there will not be any jam after the fuel price increase? It’s like previously, just less car for 1 week then the jam will be back!

We need the subsidy.

Tiered fuel plan scrapped; Govt will not increase price for now

By MAZWIN NIK ANIS

Tiered fuel plan officially scrapped

PUTRAJAYA: The Government has officially scrapped its plan to introduce the two-tiered restructuring of fuel subsidy following negative feedback from the public.

Domestic Trade, Co-operatives and Con­sumerism Minister Datuk Seri Ismail Sabri Yaakob said the decision was taken because the Government did not want such an important policy devoid of public support or acceptance.

“Prime Minister Datuk Seri Najib Tun Razak has stated that this is the people’s Government and it is open to views. Today, the Government has proven that we are not rhetoric and we truly hold on to our words.

“We have heard the people’s voices and now we have proven that we are willing to scrap the plan because the rakyat do not want it,” he told reporters here yesterday.

Ismail Sabri said the price of fuel would remain the same for now as “there was no directive to announce any hike”.

“I don’t know when that will happen but the public must remember that fuel price fluctuates.

“Foreigners can still purchase fuel according to petrol pump price. But the policy governing the sale of petrol to foreign-registered vehicles at border areas remains,” he said, adding that the ministry would be proposing to the Cabinet another “policy for foreigners”.

Foreign-registered vehicles are only allowed to pump a maximum of 20 litres at petrol stations within 50km radius from the border.

Ismail Sabri said the Government was subsidising nine sen more now in addition to the 30 sen it was already forking out for every litre of RON95 due to the commodity price increase.

Last year, the Government forked out RM3.4bil to subsidise petrol and RM1.9bil for diesel.

The plan, originally set to be implemented on May 1, was to introduce a two-tiered pricing system for petrol based on engine capacity while foreigners would have to pay the market price.

It called for the mandatory use of MyKad to differentiate Malaysians from foreigners, requiring the need for MyKad readers at petrol stations.

Ismail Sabri also said that a subsidy rationalisation laboratory headed by Minister in the Prime Minister’s Department Datuk Seri Idris Jala was studying the implementation of government subsidies.

Source : TheStar

Fuel prices set to rise

By DANNY YAP

PETALING JAYA: The Government is likely to revert to slight increases in fuel prices over time now that it has been officially announced that the proposed two-tier fuel subsidy scheme based on vehicle engine capacity has been scrapped, analyst and economists say.

The proposed fuel subsidy scheme was originally set to be implemented on May 1.

Maybank Investment Bank analyst Mohd Khair Mirza said: “We may see an increase of about 10 sen in petrol prices post May 1.” He added that it was the only viable option for the moment unless the Government came out with a better fuel subsidy scheme.

Mohd Khair said the two-tier fuel subsidy scheme proposed in theory appeared good on paper but issues such as implementation and enforcement were questionable.

He said: “At least with the slight increase in fuel prices over time it is applied across the board and the Government is able to close the gap on the fuel subsidy which remains unsustainable.”

Mohd Khair said that based on US$80 per barrel of crude oil, the Government was currently subsidising fuel at the pump at around 40 sen per litre.

An economist from a rating agency said although the proposed two-tier fuel subsidy scheme has been scrapped, it should not deter the Government from continuing to look for other schemes that were more practical and viable.

He said a viable scheme should meet two objectives – ensure the hardcore poor are not badly affected and address the fuel subsidy.

A local economist from a broking house said the Government’s decision to scrap the proposed two-tier fuel subsidy scheme based on vehicle engine capacity came as no surprise.

“We figured it (scrapping of the scheme) would happen. There was a lot of talk that the subsidy scheme was not practical, despite a lot of effort by the Government to implement it,” he said.

The economist believed some individuals were waiting to exploit the scheme (if implemented) thinking they could benefit from the scheme.

“Thankfully the Government realised the proposed subsidy scheme was not foolproof and decided to scrap it,” he said.

Source : TheStar

Shell New Ron95

Unleaded Ron95 Fuel

Wira 1.3, Unleaded only. So meaning my car can pump Ron95 but I have tried it feel like my car not enough power and the steering keep vibrating. Hmm not really sure whether it’s my car only or what. Sigh. It’s time to modified my car? Change extractor? Bigger Exhaust Pipe?

Should be pumping Ron97 for the last time as the price is gonna hike up to RM2.05 wow. Moreover, it’s now premium petrol. I can’t afford a premium thingy.

Ron95 and Ron97 in Mobil Station.

Ron95 and Ron97 pump in Shell Station.

Ron95 and V-Power pump in Shell Station.

It’s not easy to find Ron97 in Shell now. Some petrol station only have V-Power and Ron95 only, which is Taman Sea and Kayu Ara Shell Station, if you want to get Ron97, go to Bandar Utama Shell Station.

Ron95 – RM1.75 till today (Merdeka day 31st August) and after that will be increased RM1.80

Ron97 – RM1.80 till today (Merdeka day 31st August) and after that will be increased to RM2.05

It’s RM0.25 different between Ron95 and Ron97, if normally you pump 35-40 liter it will be RM8.75 – RM10 different.

Which one will you choose to pump? Ron95 or Ron97? Will it affecting you?

Price of RON 95 at RM1.80 from Tuesday

KUALA LUMPUR: The newly introduced RON 95 fuel is now priced at RM1.80 – five sen higher than the previous RM1.75.

Meanwhile, RON 97 is upgraded as a premium product and has gone up to RM2.05 from RM1.80.

Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the new prices were decided based on the current method of Automatic Pricing Mechanism (APM).

“Although the price is now 5 sen higher, the Government is still subsidising 33.81 sen per litre (of RON 95) which is equivalent to RM304mil monthly,” he told reporters after the launch of Primax 95 by Petronas here on Monday.

Currently, the Government is subsidising RON 97 by 42.72 sen per litre.

The cost for RON 95 went up 102% from USD$ 40.75 per barrel to USD$ 82.30 in December last year and August respectively.

“If there is any changes in the global prices, we would revise it accordingly. It is up to the Economic Council to decide.

“RON 95 also adheres to the EURO2M specification where it can lessen pollution,” said Ismail Sabri, adding that consumers would get quality petroleum at a subsidised price.

With the new pricing, Ismail Sabri added that RON 92 was phased out from the market as the usage was only 5% from total petrol sale in the country.

In April last year, then Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said the Government was considering the use of petrol with higher research octane number (RON) to reduce fuel subsidies without hurting the lower-and-medium income groups.

A higher octane number means higher resistance to engine “knocking”. “Knocking” could possibly damage the engine over time.

Petrol Dealers Association of Malaysia president Datuk Hashim Othman said petrol stations could easily recalibrate their pumps to adjust to the new price.

“With technology, all you need to do is push some buttons. It is almost automatic in most stations now, except for a few in the rural areas which are still using the manual system,” he told The Star.

He added that petrol dealers would make a slight gain with the price increase as they had bought their current stock at the old price.

“It is only a little as the price increase is small,” he said.

Source : TheStar

Another 10 sen cut in Petrol Price!

View previous post on petrol / fuel price

Petrol, Diesel Prices Down 10 Sen Tomorrow, 7th Reduction Since August

KUALA LUMPUR, Dec 15 (Bernama) — Petrol and diesel prices have been reduced by 10 sen a litre from Tuesday.

In announcing the reduction today, Prime Minister Datuk Seri Abdullah Ahmad Badawi said the RON97 petrol will be sold at RM1.80 a litre from RM1.90 and RON92 petrol at RM1.70 from RM1.80.

Diesel will be sold at RM1.70 a litre from RM1.80, he said in a statement today.

This is the seventh time the government has lowered fuel prices since August. The last revision was on Dec 3.

The fuel price cut was in tandem with the dwindling crude oil price in the world market.

Also effective tomorrow, the price of subsidised petrol and diesel for fishermen has been slashed by 13 sen a litre to RM1.30 from RM1.43, he added.

– BERNAMA

Petrol, diesel prices: Another 10 sen cut

Petrol and diesel prices will be reduced by another 10 sen per litre effective tomorrow, announced the government today.
- Petrol now RM1.80 per litre
- Seventh reduction since Aug

Source : Malaysiakini

汽油柴油價16日再降10仙

汽油及柴油價格從週二起（12月16日）每公升再調低10仙。（圖：星洲日報）

（吉隆坡）政府於今日（週一，12月15日）宣佈汽油及柴油價格從週二起（16日）每公升再調低10仙，即無鉛97汽油從1令吉90仙降至1令吉80仙，而柴油則從1令吉80仙降至1令吉70仙。

首相拿督斯里阿都拉在文告中指出，無鉛汽油92則從每公升1令吉80仙降至1令吉70仙。

調整油價後，意味著已比今年6月5日起76仙前的1令吉92仙還要低12仙。此次的調整也是今年8月23日以來的第7次油價下調。

Source : SinChew-I

Hurray another 10sen cut in our Petrol / Fuel Price! Drop more pls!

View previous post on petrol / fuel price

Fuel prices down another 10sen

PETALING JAYA: The retail price of petrol and diesel will go down another 10sen effective Wednesday.

The new price of RON97 petrol would be RM1.90 per litre down from RM2.00, while RON92 petrol and diesel would be down to RM1.80 from RM1.90 per litre, Prime Minister Datuk Seri Abdullah Ahmad Badawi said in a statement released at about 5pm on Tuesday.

“As the world fuel price has had a sharp decrease lately, the Government has decided to once again reduce the retail price for the public’s benefit,” he said.

This is the fifth time petrol and diesel prices had been reduced since Malaysian petrol retail prices hit a high of RM2.70 per litre in June.

Petrol price cut in Malaysia

Malaysia on Tuesday cut petrol prices by five percent, bringing pump prices down to 1.90 ringgit (0.52 dollars) per litre amid easing global crude prices.

Prime Minister Abdullah Ahmad Badawisaid said the 10 sen cut would be effective on Wednesday with diesel also reduced by 10 sen to 1.80 ringgit per litre.

“As the price of oil has visibly dropped, the government has again made a decision to reduce retail prices so that the public can benefit,” he said in a statement.

It is the sixth fuel price cut the government has announced since June’s 41 percent hike on the back of soaring crude costs, which sparked angry street protests and calls for the premier to resign.

The previous cut, by 15 sen, was just over two weeks ago.

June’s hike saw inflation soar, with the August price index reaching a 26-year high of 8.5 percent, also driven by the escalating cost of food and transportation.

Inflation has since eased at 7.6 percent in October as fuel prices dropped.
AFP

Source : MSN

Petrol prices: Another 10 sen cut to RM1.90

The government has cut petrol prices by another 5 percent, bringing pump prices down by 10 sen per litre as global crude prices continued to ease.
- RON92, diesel now RM1.80 per litre
- Sixth reduction since August

Source : MalaysiaKini

汽油柴油3日再降10仙

汽油柴油3日再降10仙。（圖：星洲日報）

（吉隆坡）政府今日（週二，12月2日）宣佈汽油及柴油價格從明日起（3日）每公升再調低10仙，即無鉛97汽油從2令吉降至1令吉90仙，而柴油則1令吉90仙降至1令吉80仙。

首相拿督斯里阿都拉在文告中指出，無鉛汽油92則從每公升1令吉90仙，降至1令吉80仙。

調整油價後，意味著已較它在今年6月5日起76仙前的1令吉92仙還要低。

此次的調整也是今年8月23日以來的第6次油價下調。

阿都拉說，由於國際油價近來大幅下跌，政府決定再次調低，以讓人民受惠。

Source : SinChew-I

What??! We are not getting subsidy from our Malaysia Government anymore and we are the one who subsidising the Malaysia Government? In actual fact we should be paying RM1.62 or RM1.70 per liter? What say you and what’s your reaction?

How could it be?

Malaysia considers dumping petrol subsidy scheme

Malaysia is not currently subsiding petrol and may dump its subsidy scheme altogether, despite major protests earlier this year over spiralling pump prices, a minister said Tuesday.

The government on Tuesday cut pump prices by seven percent to 2.00 ringgit (0.56 dollars) per litre as global crude prices continued to ease. The price of diesel was also reduced by 15 sen to 1.90 ringgit per litre.

“We have stopped subsidising petrol from the time when the pump prices were cut to 2.00 ringgit per litre,” Domestic Trade and Consumer Affairs Minister Shahrir Samad told AFP.

He said that at current prices, the government is making about 30 sen per litre.

“At about 60 dollars per barrel we are already making money,” he said.

Shahrir said the government was still handing out direct subsidies in the form of cash rebates for motorists of 625 ringgit per year and that diesel and liquefied petroleum gas (LPG) were still being subsidised.

“The rebate system is still being enforced… but it will runs its course until March next year before we either stop it or implement a new system,” he said.

Tuesday’s cut was the fifth the government has announced since a 41 percent hike in June as the price of crude soared, sparking angry street protests and calls for Prime Minister Abdullah Ahmad Badawi to resign.

Shahrir said the government will decide by the end of the month if subsidies will be reinstated if crude oil prices go up again. It will consider setting a floor price of 1.92 ringgit per litre.

“I would be happy to have a floor price of 1.92 ringgit. This would allow the government to earn some revenue and it is also easier to manage the price,” he said.

“It is also a better option because we can use the savings for development or to reduce the deficit.”

The government earlier this month announced a 7.0 billion ringgit (2.0 billion dollar) stimulus programme — reaped from savings on reduced oil subsidies — to boost the economy amid the global slowdown.

But the additional spending saw the government widen its budget deficit forecast for 2009 to 4.8 percent, from 3.6 percent predicted in August.

Source : MSN

‘Reveal fuel price mechanism’

Hafiz Yatim | Nov 19, 08 2:17pm
The revelation by Domestic Trade and Consumer Affairs Minister Shahrir Abdul Samad yesterday that the government has stopped subsidising fuel since early this month raises more questions than answers.
- Consumers subsidising the government
- Engage stakeholders before policy shift

Source : MalaysiaKini

Consumers already paying more than full cost
Nov 19, 08 11:33pm
The government may dump its petrol subsidy scheme altogether as consumers are already paying more than the full cost at the pumps at current price level.
- Consumers pay gov’t 30 sen per litre
- Lim: Actual price should be RM1.62

Petrol, Diesel Prices Down 15 Sen A Litre Tuesday

KUALA LUMPUR, Nov 17 (Bernama) — Petrol and diesel will be sold 15 sen cheaper Tuesday following the government’s decision to lower fuel prices in tandem with the downward trend of global oil prices.

The pump price of RON97 petrol will be RM2 a litre from RM2.15 while the retail price of RON92 petrol and diesel is RM1.90 a litre, Deputy Prime Minister Datuk Seri Najib Tun Razak said in a statement Monday.

He said this is the fifth downward revision since August in honouring the government’s promise to the people to lower fuel prices if oil prices dwindled in the world market.

Najib hoped traders would also lower prices of goods and services following the reduction in fuel prices to enable the people to reap the full benefits of cheaper fuel.

The people should continue to use petrol and diesel sparingly despite the lower price in line with the government’s efficient energy consumption plan, said Najib, who is also Finance Minister.

– BERNAMA

Source : Bernama

Fuel prices down by 15 sen

The government today announced that fuel prices will further be reduced by 15 sen per litre effective tomorrow.
-Another reduction in this month?
-Last cut was on Oct 31

Source : MalaysiaKini

Abdullah Wants Prices Of Goods To Go Down

TASHKENT, Nov 17 (Bernama) — Datuk Seri Abdullah Ahmad Badawi wants traders to reduce their prices of goods so that consumers can enjoy the benefit of cheaper petrol and diesel in the country.

The prime minister said the problem was that prices of most goods had yet to go down despite the drop in fuel prices in the country for the fifth time, with the latest starting Tuesday.

“When the fuel prices went down, the prices of goods have not gone down as well. This is what I don’t like to hear,” Abdullah who is on the second day of his four-day official visit to Uzbekistan told Malaysian journalists here.

He said the traders were only interested in making a big profit, thus burdening the people.

The pump price of petrol will be RM2 a litre starting tomorrow, less 15 sen, while diesel will be RM1.90 per litre.

Abdullah said the government kept its word by reducing the pump prices following the downward trend of global oil prices.

However, the government was always at the losing end as people would still be angry with the government when the pump prices went down because the prices of goods did not go down as well, he added.

Abdullah said the people should not blame the government all the time as they, as consumers, had a role to play too in checking rising prices of goods.

“I am glad to hear that some non-governmental organisations plan to boycott some business premises for not reducing their prices,” he said.

Abdullah hoped that consumer associations could enlighten the business associations on the plight of the people through discussions.

– BERNAMA

Soruce : Bernama

So now all others food and mamak and all have to reduce ?? No more excuses. Ppl increased petrol price then all increase immediately, but when come to decrease price on all the food, they take ages and probably will not decrease. Is this fair?

It’s confirmed that we will be having cheaper fuel price. This proof that what I’ve been waiting for is not wasted =)
Another cut is expected on Nov 15… woot!!

PUTRAJAYA: Petrol and diesel prices will go down 15 sen a litre from 12.01am on Saturday – the fourth reduction since August.

The new price of a litre of RON97 will be RM2.15 from RM2.30; RON92 will be RM2.05 from RM2.20; and diesel will be RM2.05 from RM2.20.

The prices will be reduced so that the people could enjoy the benefit of the recent drastic drop in global fuel prices, said Prime Minister Datuk Abdullah Ahmad Badawi in a statement on Friday.

The Star reported on Friday that petrol price will go down by 15sen and that petrol dealers expect another round of price cuts on Nov 15.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said that if the world crude oil price continued to drop at the present rate, local pump prices would likely revert to the pre-June price of RM1.92 per litre.

Shahrir, who said the average world crude oil price for October was US$76.40 (RM267.40) per barrel, said the average for November might go below US$70.

“So (if this happens) the price of petrol at the retail level will probably go back to RM1.92 per litre,” he said.

As a cap has been placed on a price of RM1.92 per litre, he said that if the world crude oil price goes down even lower than that, the Government could end its fuel subsidy and use the money for other purposes.

For this year up to September, the Government spent RM16.8bil on fuel subsidy and RM2.5bil on rebates for motorists and motorcyclists.

“That means there is a likelihood that we will spend RM19bil to RM20bil on fuel subsidy for the whole year,” Shahrir said.

Shahrir hoped petrol station owners would accept the price reduction and accept any loss as part of business.

He pointed out that the Government had always been fair to the station owners, including helping them reduce operating costs by reverting to self-service, cutting on the number of staff, not forcing them to open for 24 hours as well as increasing their margin from 9.5 sen to 12 sen per litre in June.

Source : TheStar

Yes PETROL PRICE GONNA REDUCE AGAIN, I have been waiting for this and my fuel tank was empty this few days and just pump 30 bucks to keep my car moving… ahah kiasuness…

PETALING JAYA: Petrol prices are expected to be cut by 15 sen a litre at 12.01am tomorrow – the fourth reduction since August.

This means the RON97 will cost RM2.15 a litre, down from RM2.30, and the price of RON92 is also expected to go down.

Petrol Dealers Association of Malaysia (PDAM) president Abdul Wahid Bidin said they expected the new prices to take effect early tomorrow although they have not received a directive from the Finance Ministry.

A dealer who declined to be named said Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad had met with PDAM representatives on Wednesday.

He said Shahrir gave them notice that prices were going down.

“This is good because it has given us the three days we need to figure out how much stock we should keep to avoid big losses,” he said.

It is also understood that another price change is expected on Nov 15.

When asked at a function here yesterday, Shahrir refused to confirm or deny that prices would be reduced tomorrow.

“A reduction is imminent of course. We cannot deny consumers the opportunity that has arisen from lower global oil prices,” he said.

Shahrir, however, said that any directive would come from the Treasury and that any agreement on reducing prices would be discussed by the Prime Minister, Deputy Prime Minister, Second Finance Minister and himself.

“So it is difficult for all of us to meet at one time. There is, however, a Cabinet meeting (today), so it will probably be discussed then.”

Shahrir said that the Government would also be moving to make price changes every fortnight.

“This would be an ideal situation. If the price is changed once a week, it will be too short a time for any effects to be felt.”

He said petrol dealers had to realise that they were in a business and that other businesses also suffered when prices changed.

Source : TheStar

Good news! Petrol Price Reduce again. 1st reduction on August 23rd, 2nd reduction on September 24th and today is the third reduction.

Hopefully all the other price will reduce also. Like roti canai, gardenia bread, mamak, kopitiam… etc.

Petrol prices reduced again!

KUALA LUMPUR: Petrol prices will be reduced by a further 10sen to 20sen from Wednesday.

RON 97 petrol is reduced by 15sen to RM2.30; RON 92 petrol is reduced by 10sen to RM2.20; and diesel is reduced by 20sen to RM2.20.

A post on the Prime Minister’s Office website (wwww.pmo.gov.my) said the decision was made following the marked drop in the global oil price of late.

“The lowering of the fuel prices is also made to speed up the reduction of retail prices so that the people will be able to enjoy the benefits sooner,” the post added.

The statement was signed by Prime Minister Datuk Seri Abdullah Ahmad Badawi.

The previous two reductions were on Aug 23 and Sept 24.

Source : TheStar

Petrol Price Down 15 Sen A Litre Wednesday, Says Abdullah5

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.

– BERNAMA

Source : Bernama

Fuel price cut will have ‘little impact’

PETALING JAYA: It will provide some relief but will not have much impact — that sums up the sentiments of the public on the fuel price reduction yesterday.

City folk were definitely happy but many doubt that prices of basic necessities would go down in tandem with the reduction.

Bus and lorry operators said it did not really benefit them as prices of other goods had gone up.

Pan Malaysian Bus Operators Association president Datuk Ashfar Ali said the reduction in fuel prices would not affect bus operators.

“For us, it’s still the same. We are still paying the subsidised rate of RM1.43 per litre for diesel,” he said.

He added that bus operators had also not felt the benefit of lower fuel prices as the cost of other products were still high.

“When the fuel prices shot up early this year, the price of everything else — batteries, lubricating oil and tyres — went up. Now, even though fuel prices are down, the price of these items are not coming down,” he said.

Pan Malaysian Lorry Owners Association president Er Sui See said that while he was happy with the reduced diesel prices, lorry owners still would not be able to absorb the escalating transport charges.

“Only a quarter of the diesel we use is subsidised, so yes it’s good that diesel prices are down.

“But all the other costs that have gone up are still going up. We can’t absorb the cost,” he said.

He gave the example of tyres, which would cost 15% more from Nov 1.

Tutor Tan Chin Swee, 48, said: “The sudden jump in petrol price a few months ago resulted in a spiral effect which pushed up the price of many daily necessities. I doubt that the reduction can undo the inflationary impact that an ordinary person is now facing.”

“Recession and inflation are inherent in any economy and are things that we have to live with,’’ Tan added.

Manager Gobal Rajee, 46, said he was happy with the reduction but felt that there would be little effect.

“We hope the prices of other goods will go down as well, otherwise it really makes no difference,’’ he said.

Civil servant Karim Jaabar, 37, said it was nothing to rejoice about if the prices of goods remain the same.

Administrative executive Theresa Heng, 49, said it was better than nothing.

Source : TheStar