No hike in petrol, sugar and oil prices

Petrol, diesel, LNG, LPG, NGV, fuel consumption, petrol & diesel price, petrol & diesel subsidy, rebate and etc etc

No hike in petrol, sugar and oil prices

Postby admin » Mon May 31, 2010 4:45 am

TEMERLOH: The price of petrol, sugar and oil will not be increased soon but people should offer their opinions on how to tackle subsidy dependence to overcome the country’s financial burden in the future.

Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said public opinion was important to help the Government solve the problem before any increase in the price of certain goods.

He said the proposal by the Subsidy Rationalisation Lab to increase certain prices should be reviewed and feedback obtained from the community.

“The Government under (Prime Minister) Datuk Seri Najib Tun Razak will not make rash decisions, but instead give a chance for people to offer their views.

“We practise transparency and will take into account the public’s views before making decisions affecting goods such as petrol, sugar and oil,” he told reporters after attending a gotong-royong session at an old folks home in Kampung Jelam Kampung, Durian Tawar near here yesterday.

Ismail Sabri also denied speculation that the price of petrol, sugar and oil would be raised soon.

Last year, the Government spent RM74billion on subsidies for fuel, infrastructure and other commodities.

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