ID :
21261
Thu, 09/25/2008 - 22:06
Auther :
Shortlink :
http://m.oananews.org//node/21261
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PETROL, DIESEL DOWN 10 SEN
PUTRAJAYA, Sept 25 (Bernama) -- The price of petrol and diesel will be reduced by 10 sen to RM2.45 and RM2.40 (US$1=RM3.4) per litre respectively beginning Thursday, according to Prime Minister Abdullah Ahmad Badawi Wednesday.
He said the retail price of RON92 petrol will also be reduced from RM2.40
to RM2.30 per litre.
Abdullah disclosed this in a media statement read by Domestic Trade and
Consumer Affairs Minister Shahrir Abdul Samad, here.
Abdullah said the new price adjustments took into consideration the actual
petrol price between Sept 1 and 22.
He said although the world oil price had dropped slightly, the value of the
ringgit against the United States (US) dollar had also weakened resulting in the
10 sen reduction being the maximum that the government could give.
Abdullah said the decision on the fuel price reduction was made Wednesday
as
the Cabinet meeting this morning was the last one for September and it was also
to usher in the Hari Raya Puasa (festival marking the end of fasting month)
which is expected to be celebrated next Wednesday.
"The government is also aware that the public will be making their journey
to their hometown to celebrate the Hari Raya Puasa at the end of next week.
"Thus, the government hopes the price reduction would ease the burden of
the people, especially in celebrating the Aidilfitri," he said.
The price reduction is the second after the last reduction on Aug 23.
In the reduction earlier, the retail price of RON97 petrol was reduced by
15 sen from RM2.70 to RM2.55 per litre while RON92 was reduced by 22 sen from
RM2.62 to RM2.40 per litre. The diesel price was reduced by 8 sen from RM2.58 to
RM2.50 per litre.
Meanwhile, Shahrir said that according to the average price for fuel for
the period, the government could actually reduce the price by seven sen
only.
However, he said the government had given a subsidy of three sen per litre
to enable the people to enjoy a price reduction of 10 sen per litre beginning
Thursday to ease their burden.
On top of the three sen, the government had given a subsidy of 30 sen for
every litre OF petrol sold in the country since last June, he said.
Shahrir said he did not foresee the possibility of the fuel supply being
affected as the reduction did not cause any loss to traders, except for a little
reduction in their profit margin.
-- BERNAMA
He said the retail price of RON92 petrol will also be reduced from RM2.40
to RM2.30 per litre.
Abdullah disclosed this in a media statement read by Domestic Trade and
Consumer Affairs Minister Shahrir Abdul Samad, here.
Abdullah said the new price adjustments took into consideration the actual
petrol price between Sept 1 and 22.
He said although the world oil price had dropped slightly, the value of the
ringgit against the United States (US) dollar had also weakened resulting in the
10 sen reduction being the maximum that the government could give.
Abdullah said the decision on the fuel price reduction was made Wednesday
as
the Cabinet meeting this morning was the last one for September and it was also
to usher in the Hari Raya Puasa (festival marking the end of fasting month)
which is expected to be celebrated next Wednesday.
"The government is also aware that the public will be making their journey
to their hometown to celebrate the Hari Raya Puasa at the end of next week.
"Thus, the government hopes the price reduction would ease the burden of
the people, especially in celebrating the Aidilfitri," he said.
The price reduction is the second after the last reduction on Aug 23.
In the reduction earlier, the retail price of RON97 petrol was reduced by
15 sen from RM2.70 to RM2.55 per litre while RON92 was reduced by 22 sen from
RM2.62 to RM2.40 per litre. The diesel price was reduced by 8 sen from RM2.58 to
RM2.50 per litre.
Meanwhile, Shahrir said that according to the average price for fuel for
the period, the government could actually reduce the price by seven sen
only.
However, he said the government had given a subsidy of three sen per litre
to enable the people to enjoy a price reduction of 10 sen per litre beginning
Thursday to ease their burden.
On top of the three sen, the government had given a subsidy of 30 sen for
every litre OF petrol sold in the country since last June, he said.
Shahrir said he did not foresee the possibility of the fuel supply being
affected as the reduction did not cause any loss to traders, except for a little
reduction in their profit margin.
-- BERNAMA
