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Old January 5th, 2007, 10:14 AM   #1
pedang
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PETRO & GAS of Malaysia

No Fuel Price Increase This Year - Nor Mohamed

KUALA LUMPUR, Jan 5 (Bernama) -- There would be no fuel price increase this year, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.

"If you are asking about petrol price increase, the answer is no," he said when asked to comment on rumours about the price increase.

He was speaking to reporters after launching Lexus Malaysia's first 3S (service, sales and spare parts) centre here Friday.

In February last year, the government announced a 30-sen hike in the prices of petrol and diesel to RM1.92 and RM1.58 per litre respectively and the price of liquefied petroleum gas (LPG) to RM1.75 per kg.

The fuel price increase was the largest ever in the country but still kept Malaysia as the second lowest in the region after Brunei in terms of retail fuel prices.

Before that, the last time the prices were increased was on July 31, 2005, when the petrol price went up by 10 sen per litre, diesel price by 20 sen per litre and LPG price by five sen per kg.

-- BERNAMA
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Old January 10th, 2007, 06:24 PM   #2
globocentric
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Quote:
Originally Posted by pedang View Post
No Fuel Price Increase This Year - Nor Mohamed

KUALA LUMPUR, Jan 5 (Bernama) -- There would be no fuel price increase this year, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.

"If you are asking about petrol price increase, the answer is no," he said when asked to comment on rumours about the price increase.

He was speaking to reporters after launching Lexus Malaysia's first 3S (service, sales and spare parts) centre here Friday.

In February last year, the government announced a 30-sen hike in the prices of petrol and diesel to RM1.92 and RM1.58 per litre respectively and the price of liquefied petroleum gas (LPG) to RM1.75 per kg.

The fuel price increase was the largest ever in the country but still kept Malaysia as the second lowest in the region after Brunei in terms of retail fuel prices.

Before that, the last time the prices were increased was on July 31, 2005, when the petrol price went up by 10 sen per litre, diesel price by 20 sen per litre and LPG price by five sen per kg.

-- BERNAMA

The thing that people are missing out on is that petrol price should be going down not up as petrol price has gone down significantly since the most recent record high that was used to justify the last rise
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Old January 12th, 2007, 09:44 AM   #3
acela
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Surely the gov won't increase the fuel price if not they will lose the rakyat vote in the coming election.Only speculation hehehe.
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Old October 24th, 2014, 11:24 AM   #4
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Quote:
Published: Friday October 24, 2014 MYT 12:00:00 AM
Updated: Friday October 24, 2014 MYT 12:26:43 PM
No more petrol subsidy for high-income earners

BY LOH FOON FONG




BANGI: High-income earners will have to start paying the market price for RON95 petrol, while those in the low-income bracket will continue to enjoy the current subsidised rate once the petrol subsidy rationalisation mechanism is implemented in June.

The current market rate for RON95 is RM2.58 per litre, while the subsidised price is RM2.30 per litre.

Deputy Finance Minister Datuk Ahmad Maslan said the mechanism, which might involve the use of MyKad or other cards, was still being refined by the Finance and the Domestic Trade, Co-operatives and Consumerism ministries.
http://www.thestar.com.my/News/Natio...ncome-earners/
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