Friday, August 22, 2008

Fuel Price Reduced to RM2.55 Effective August 23

Most of the Malaysian didn't expect that the fuel price will be adjusted all in a sudden. Because, earlier news still announced that the new price will be announced by 31st.August, and take effective by 1st.September.
Petrol and diesel price will drop by between eight sen and 22 sen a litre from Saturday.
The price of RON97 petrol will be reduced by 15 sen to RM2.55 a litre from RM2.70, while RON92 would be 22 sen less at RM2.40, from RM2.62
The retail price of diesel would drop by eight sen to RM2.50 a litre.
Prime Minister Datuk Seri Abdullah ahmad Badawi announced the new prices in a statement after Friday's Cabinet meeting.
He said the prices were determined by taking into account the actual price from Aug 1 to 21 and the 30 sen per litre subsidy borne by the government while the subsidy for diesel, based on the new price, was 50 sen a litre.
"The cabinet decided to bring forward the enforcement date for adjustment of the new petrol price," he said

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