Thursday, August 21, 2008

Malaysia Fuel Price Reduce By 1st.September


Announced by Malaysia Prime Minister Datuk Seri Abdullah Ahmad Badawi on 20th.Aug., the Malaysia Government will announce the new fuel prices on Aug 31, which will take effect on Sept 1.

He said the new price would be based on the average fuel prices throughout the month of August and after deducting the 30-sen subsidy per litre.

"We are now monitoring the fuel price (in the international market) and I hope it will continue its downward trend," he said after chairing the 4th National Water Resources Council meeting at the parliament house today.
He said it was still too early to predict how far the prices of petrol and diesel could be lowered.
"It is still too early... We still have about ten days to go and I hope there will be no more increase in the price of fuel," he said.

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