Petrol prices reduced again! RM2.30

Posted By Saimatkong on Oct 15, 2008 | 1 comment
6,167 views

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

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