ID :
16683
Fri, 08/22/2008 - 17:57
Auther :
Shortlink :
http://m.oananews.org//node/16683
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M'SIA: PETROL CEILING PRICE WILL REMAIN AT RM2.70 A LITRE UNTIL YEAR-END
KUALA LUMPUR, Aug 22 (Bernama) -- The ceiling price of petrol will remain at RM2.70 (US$1=RM3.34) a litre until year-end, Domestic Trade and Consulmer Affairs Minister Shahrir Abdul Samad said Thursday.
He said the ceiling price would be reviewed after Dec 31 depending on thecurrent global fuel price at year-end.
"If the fuel price spirals (this year), the people need not worry aboutbearing the high cost as the government will absorb the additional cost.
"I cannot say now as our fuel price depends on the price of a barrel of oil in the world market which constantly fluctuates," he told a mediaconference.
Shahrir however did not discount the prospect of the oil price dwindling tobelow RM2 before Dec 31 given the current uncertainties in the global oil price.
Prime Minister Abdullah Ahmad Badawi said Thursday the government will announce the new fuel prices on Aug 31 which will take effect onSept 1.
The new price would be based on the average fuel prices throughout themonth of August and after deducting the 30 sen subsidy for a litre.
On the possibility of a fare hike for public transport vehicles and an increase in the cost of transporting goods, Shahrir said it would not happenuntil year-end though there were calls from bus and lorry operators.
He said the government had other mechanism to help public transportoperators who had to tide over with higher diesel prices.
"We are aware when diesel price increases, it will take a toll on public transport and lorry operators. Nevertheless, they cannot raise fares to theirwhims," he said.
Shahrir also said the government would re-visit in March next year the cashrebate paid to car and motorcycle owners.
He said the form of rebate would be re-determined including the maximumamount that can be claimed by car and motorcycle owners.
"What's happening now is that individuals having five vehicles includingthose using 2000cc cars are given rebate, it's not fair.
"We give rebate to lighten vehicle owners' burden but if they have morevehicles than they should, there is no need to give rebate anymore," he added.
Earlier, Shahrir launched two books on two Malaysian prime ministers entitled "Datuk Seri Abdullah Ahmad Badawi - A New Breeze In Malaysia's Politics" and "Tun Abdul Razak - A Phenomenon In Malaysian Politics" authored byDr Paridah (rpt Paridah) Abdul Samad.
Present at the launch were Abdullah's wife JeanneAbdullah and Tun Razak's wife Rahah Noah.
He said the ceiling price would be reviewed after Dec 31 depending on thecurrent global fuel price at year-end.
"If the fuel price spirals (this year), the people need not worry aboutbearing the high cost as the government will absorb the additional cost.
"I cannot say now as our fuel price depends on the price of a barrel of oil in the world market which constantly fluctuates," he told a mediaconference.
Shahrir however did not discount the prospect of the oil price dwindling tobelow RM2 before Dec 31 given the current uncertainties in the global oil price.
Prime Minister Abdullah Ahmad Badawi said Thursday the government will announce the new fuel prices on Aug 31 which will take effect onSept 1.
The new price would be based on the average fuel prices throughout themonth of August and after deducting the 30 sen subsidy for a litre.
On the possibility of a fare hike for public transport vehicles and an increase in the cost of transporting goods, Shahrir said it would not happenuntil year-end though there were calls from bus and lorry operators.
He said the government had other mechanism to help public transportoperators who had to tide over with higher diesel prices.
"We are aware when diesel price increases, it will take a toll on public transport and lorry operators. Nevertheless, they cannot raise fares to theirwhims," he said.
Shahrir also said the government would re-visit in March next year the cashrebate paid to car and motorcycle owners.
He said the form of rebate would be re-determined including the maximumamount that can be claimed by car and motorcycle owners.
"What's happening now is that individuals having five vehicles includingthose using 2000cc cars are given rebate, it's not fair.
"We give rebate to lighten vehicle owners' burden but if they have morevehicles than they should, there is no need to give rebate anymore," he added.
Earlier, Shahrir launched two books on two Malaysian prime ministers entitled "Datuk Seri Abdullah Ahmad Badawi - A New Breeze In Malaysia's Politics" and "Tun Abdul Razak - A Phenomenon In Malaysian Politics" authored byDr Paridah (rpt Paridah) Abdul Samad.
Present at the launch were Abdullah's wife JeanneAbdullah and Tun Razak's wife Rahah Noah.
