Fuel prices to remain for now! Are you sure?
Okay… So our fuel price of RON95 will remain at the same price at RM1.9 / liter for now. The question is the fuel price remain for now and “Now” refer to when? How long will this last and will it be announced the price increasing in Fuel price next month? or next 2 month or next half year?
We have experienced that there’s announcement that Fuel price will not be increase but soon it’s announced again that the price will be increased the next day. So, please don’t increase for now till 2099. Thank you! If not I gonna eat bread and white rice everyday liao.
Another question if the world fuel price drop our fuel price will remain too? =_=
Let’s just watch and see what’s the next upcoming news. Hope it will not get me into heart attack!
Prices of RON95 petrol, diesel and LPG to remain the same: Ismail Sabri
PUTRAJAYA: In a move that will please many Malaysians, the government has decided to maintain the prices of RON95 petrol, diesel and liquefied petroleum gas for the time being.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the decision was made after an in-depth discussion on subsidy rationalisation at Wednesday’s weekly cabinet meeting.
“The decision was made taking into consideration the interest of the people,” he told a news conference at his ministry, here Wednesday.
The government would however continue to study the need for subsidy rationalisation in view of the increase in the prices of oil and gas in the global market.
Asked whether there was any discussion on the time frame for the prices to remain, Ismail Sabri said there was no discussion about time frame. The price of RON95 petrol is now RM1.90 per litre and diesel at RM1.80 per litre. LPG is priced at RM1.90 per kg.
The last time the prices for these three items were adjusted was in December last year.
Ismail Sabri said the decision to retain the prices of the three items meant that the government had to bear fuel subsidy totalling RM18bil.
Last year, the fuel subsidy was RM8.15bil. – Bernama
Source : TheStar
Fuel prices to remain for now
PUTRAJAYA: Malaysians need not worry about any new increase in the price of RON95 petrol, diesel and liquefied petroleum gas as the Government has announced that it is keeping the current rate for the time being.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the decision was made with the people’s interest in mind.
He also stressed that the Cabinet’s move had nothing to do with talk about a pending general election.
In other developments:
> Economists called for a minimum wage council to protect public interest;
> Barisan Nasional Youth chief Khairy Jamaluddin described it as a people-centric decision; and
> Consumer groups cautioned that government subsidies would eventually have to be phased out gradually.
Source : TheStar
RON95, diesel and LPG will not cost more
PUTRAJAYA: Prices of RON95 petrol, diesel and liquefied petroleum gas (LPG) will remain at the present rates for now.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the decision to maintain the prices was in the interest of the people.
He, however, could not specify how long the current prices would be maintained.
“I am sorry, I am not able to say exactly how long for now’ can be.
“It can be for a month, two months perhaps or maybe four months,” he told a press conference yesterday.
RON95 is sold at RM1.90 per litre, diesel at RM1.80 while LPG is priced at RM1.90 per kilogramme. The prices were effective from Dec 4 last year.
The decision to keep the current prices would mean that the subsidies borne by the Government will rise from RM8bil to RM18bil this year.
Ismail Sabri said the decision to maintain the prices was reached at a Cabinet meeting.
“The Government takes into consideration the people’s interest. It has nothing to do with a general election. It also has nothing to do with the so-called pressure from the Opposition and the scary stories that they have cooked up about an impending price hike,” he said.
Ismail Sabri said the public should not be misled by the Opposition’s talk that the Government would increase the petrol price by as much as 30 sen.
“Stop believing them but listen to us as we always ensure that we will take into consideration the welfare of the people before we make any decision,” he said.
However, Ismail Sabri said the Government would continue to study the need for subsidy rationalisation following the increase in the prices of petrol and gas in the global market.
He also said the Government would reduce its subsidy burden by more than RM800mil when the diesel subsidies for deep-sea fishing vessels and nine classes of commercial vehicles were removed on June 1.
Source : TheStar