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.
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
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
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
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.
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
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.
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.
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.
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.
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.
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.
Ok reduce again good but only 10sen after the reduction from RM2.70 to RM2.55 on August 23rd?? Is it enough? Of coz not enough, always ask for more. Hmm better than none! so now it’s RM2.45 per liter. How much can you save? haha properly few ringgit per pump only!
PUTRAJAYA: Prices of petrol and diesel are 10 sen cheaper from midnight Wednesday.
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said the retail price of RON97 is reduced from RM2.55 per litre to RM2.45 per litre, the price of RON92 is lowered from RM2.40 to RM2.30, while diesel is reduced from RM2.50 to RM2.40 per litre.
In reading out a statement by Prime Minister Datuk Seri Abdullah Ahmad Badaw, Shahrir said the 10 sen reduction is the maximum value that the Government could reduce.
It is also the second adjustment made by the Government.
The first adjustment to reduce the fuel price was made on Aug 23.
Shahrir said the Cabinet, which met Wednesday for the last time this month, decided to reduce the fuel price since people would start their balik kampung exodus this weekend to celebrate Hari Raya.
“It is hoped that the price reduction will reduce the burden of the people this festive season,’’ he said.
Going by the trend, Shahrir said the Government would be paying slightly more for the fuel subsidy as the average crude oil price would be only be seven sen cheaper but the Government had decided to absorb the difference and lower it to 10 sen.
Asked whether the Government would implement a free float system for fuel prices, Shahrir said it was still too early to think of such a system at this moment although it was one of the items dicussed in Cabinet with no decision made yet.
Earlier, Shahrir also announced that the consumer price index (CPI) from January to August increased by 4.8 % to 110.4 compared with that of 105.3 in the same period last year.
Compared with that of the same month in 2007, the CPI for August registered an increase of 8.5 from 105.9 to 114.9.
The CPI for August increased by 0.2% when compared with July, he said.
Despite of fuel prices lowered on Aug 22, it was not reflected in the CPI in August.
Shahrir said the CPI in September may not be lower as well as the Government had allowed a 30% increase in surcharge for buses during the festive season.
Petrol prices cut by 10 sen
Sep 24, 08 2:08pm
The government has cut petrol and diesel prices by 10 sen to RM2.45 and RM2.40 per litre respectively effective tomorrow.
- Second cut in 2 months
- Festive cheer ahead of Raya
Subject: Petrol Price going down effective tmr 23 August 2008
Shahrir: fuel prices reduction not political gimmick
Domestic Trade and Consumer Affairs Minister, Datuk Shahrir Abdul Samad announced the Consumer Price Index for the January to July 2008 period on Friday and said the fuel prices drop is neither a political gimmick nor related to the Permatang Pauh by-election.
Harga petrol turun kepada RM2.55 seliter Aug 22, 08 5:27pm Kerajaan mengumumkan penurunan harga petrol sebanyak 15 sen kepada 2.55 sen selitar berkuatkuasa esok. Pada masa ini, harga minyak petrol adalah RM2.70 selitar. Manakala harga diesel pula diturunkan 8 sen, daripada RM2.58 kepada RM2.50 seliter. Penurunan harga bahan bakar itu berkuatkuasa mulai tengah malam ini. Pengumuman tersebut dibuat oleh Perdana Menteri, Datuk Seri Abdullah Ahmad Badawi dalam satu kenyataan hari ini.
Kerajaan mengumumkan penurunan harga runcit petrol RON97 sebanyak 15 sen kepada 2.55 sen seliter berkuatkuasa esok.
Pada masa ini, harga minyak petrol RON97 adalah RM2.70 seliter.
Manakala harga runcit petrol RON92 akan dikurangkan sebanyak 22 sen iaitu daripada RM2.62 seliter kepada RM2.40 seliter.
Harga diesel pula diturunkan 8 sen, daripada RM2.58 kepada RM2.50 seliter.
Penurunan harga bahan bakar itu berkuatkuasa mulai tengah malam ini.
Pengumuman tersebut dibuat oleh Perdana Menteri, Datuk Seri Abdullah Ahmad Badawi dalam satu kenyataan hari ini.
bm version fuel petrol diesel price hike reduction 220808
Berikut adalah kenyataan penuh
Jemaah Menteri hari ini telah mengambil keputusan untuk mempercepatkan tarikh penguatkuasaan pelarasan harga petrol baru. Keputusan ini diambil setelah mengambil kira penurunan harga minyak dunia sejak beberapa minggu kebelakangan ini serta peningkatan kadar inflasi ke tahap lebih tinggi pada bulan Julai 2008.
Sehubungan itu, Kerajaan ingin mengumumkan bahawa harga runcit petrol RON97 akan dikurangkan sebanyak 15 sen iaitu daripada RM2.70 seliter kepada RM2.55 seliter.
Pada masa yang sama, harga runcit petrol RON92 akan dikurangkan sebanyak 22 sen iaitu daripada RM2.62 seliter kepada RM2.40 seliter. Harga-harga berkenaan ditentukan dengan mengambil kira harga sebenar petrol daripada 1 Ogos 2008 hingga 21 Ogos 2008, serta penetapan subsidi 30 sen seliter, untuk kedua-dua RON97 dan RON92.
Di samping itu, Kabinet juga mengambil keputusan untuk mengurangkan harga runcit diesel sebanyak 8 sen seliter, iaitu daripada RM2.58 seliter kepada RM2.50 seliter.
Berdasarkan harga RM2.50 seliter ini, subsidi yang ditanggung oleh Kerajaan untuk diesel ialah sebanyak 50 sen setiap liter. Pelarasan harga runcit petrol dan diesel ini akan berkuatkuasa mulai esok, 23 Ogos 2008.
Sebagaimana yang diumumkan hari ini, Indeks Harga Pengguna (CPI) bagi bulan Julai 2008 berbanding Julai 2007 meningkat pada kadar 8.5 peratus.
Adalah menjadi harapan Kerajaan agar pengurangan harga petrol dan diesel ini akan dapat membantu meringankan beban pengguna serta mengurangkan tekanan inflasi, terutamanya kepada golongan berpendapatan rendah dan sederhana. Keputusan Kerajaan ini juga dibuat berdasarkan perkembangan ekonomi semasa.
Pada 1 Ogos 2008, Kerajaan telah mengumumkan bahawa harga runcit petrol sehingga akhir tahun ini akan diselaraskan pada 1 haribulan setiap bulan, dengan penetapan subsidi 30 sen seliter.
Namun, formula pelarasan harga pam ini hanya akan dilaksanakan sekiranya harga runcit bagi petrol kurang daripada RM2.70 seliter. Sekiranya harga pasaran bagi petrol melebihi RM2.70 seliter, maka harga akan tetap berada pada RM2.70 seliter.
PUTRAJAYA, Aug 22 (Bernama) — Retail petrol price of RON97 has been reduced by 15 sen to RM2.55 per litre while retail diesel price reduced by eight sen to RM2.50 per litre effective tomorrow, Prime Minister Datuk Seri Abdullah Ahmad Badawi announced here, Friday.
Aug 22, 08 5:34pm
The government today announces reduction of petrol prices with RON97 grade down by 15 sen from RM2.70 to RM2.55 per litre at the pumps beginning midnight.
- RON92 petrol down by 22 sen
- Diesel to be reduced 8 sen
Is it a good news to you? Because Merdeka then they reduce the price even it’s not September yet? Will our food price also reduce? Roti Canai… Teh Tarik… Rice…The answer is no. But when petrol increase they increase! Is this fair? Lol.
PUTRAJAYA: Malaysians may be paying less for fuel soon as the Cabinet is mulling over the possibility of lowering the present prices.
Several Cabinet Ministers said the matter was discussed during their weekly meeting Wednesday but declined to elaborate, saying that Prime Minister Datuk Seri Abdullah Ahmad Badawi was expected to make an announcement soon.
Higher Education Minister Datuk Seri Mohd Khaled Nordin said the possibility of consumers paying lesser for fuel was raised and that the mechanics were still being worked out.
Information Minister Datuk Shabery Cheek also admitted that the Cabinet was studying the matter.
“Let the Prime Minister make the announcement,” he said yesterday.
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad , however, declined to comment on the subject, saying that it would be best to wait for the PM.
The government, had on June 4, raised the prices of petrol and diesel, on grounds that that it could no longer continue to subsidise fuel, but give a 30 sen per litre discount from market prices.
Currently, Malaysians are paying RM2.70 per litre at the pump while diesel is priced at RM2.58 per litre.
PUTRAJAYA: Malaysians may pay less for fuel soon, as the Cabinet is mulling over the possibility of lowering the pump prices.
Several Cabinet Ministers disclosed that the matter was studied during their weekly meeting yesterday but declined to elaborate, saying that Prime Minister Datuk Seri Abdullah Ahmad Badawi was expected to make an announcement soon.
Higher Education Minister Datuk Seri Mohd Khaled Nordin said the possibility of consumers paying less for fuel was discussed and that the mechanics were being worked out.
Information Minister Datuk Shabery Cheek said the matter was studied by the Cabinet, but declined to elaborate.
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad, when contacted, declined comment, saying that it would be best to wait for Abdullah to make an announcement at an appropriate time.
On June 4, the Government raised petrol and diesel prices, stating that it could no longer continue to subsidise fuel prices at the then rate. However, it would continue to provide a 30 sen per litre discount on the market price.
Currently, motorists pay RM2.70 a litre for petrol and RM2.58 a litre for diesel at the pump.
Shahrir was quoted by Bloomberg.com on Tuesday as saying that the Government might reduce fuel prices if crude oil prices stay at US$125 (RM408) per barrel for at least three weeks.
Shahrir said that it that was the case then a reduction in prices could come within the year to enable the Government to keep its pledge of maintaining a 30 sen per litre subsidy.
“Why not, it would be good news, right?” he said during the interview.
There’s news to reduce fuel prices?! Remember last two week Pak Lah supposed to announce steps to ease fuel price rise burden? But after the news, there’s no one talking about it or no updates at all? What happened? I was waiting for the steps to ease fuel price but nothing happened. Now news review that fuel prices will be lower down? How much? How soon? Is it 100% real?
I will start dreaming from today on wards for lower fuel price and better economy =)
Wait for the announcement! Hopefully yes but what about those ppl that claim their fuel subsidy of RM625 from pos office? Too bad, my road tax due at March, so I still haven’t claim back my subsidy!
If it’s really true that our fuel price will be lower down, then will other goods, food, transport all reduce their price too? I don’t think so. Roti Canai, Bread, Rice, all increased. They will happily earn more!
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