Price hike for RON95, LPG and sugar

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

Price hike for RON95, LPG and sugar

Postby admin » Sat Dec 04, 2010 11:23 pm

PUTRAJAYA: The prices for RON95 petrol and diesel will increase by 5sen per litre at midnight (12.01am Dec 4) while the prices of liquified petroleum gas (LPG) and sugar will be up by 5sen and 20sen per kg respectively.

RON95 would be raised to RM1.90 per litre from the current RM1.85 while price of diesel would be retailed at RM1.80 per litre. LPG and sugar will cost RM1.90 and RM2.10 per kg respectively.

Minister in the Prime Minister’s Department Datuk Seri Idris Jala Idris said the price hike was the second wave of the subsidy rationalisation programme.

Prices of RON95 and diesel went up by 5sen per litre while sugar and LPG were raised by 25sen and RM10 on July 16 for the first wave of the programme.

That resulted in total savings of RM779mil. This time around, Idris said the savings is expected to be RM1.18bil.

Idris said the savings would be channelled towards improving urban transportation network, rural basic infrastructure and roads, education and efforts to combat crime.

He added that the increase was very minimal and should not hurt the people.

“I think it is fair to the rakyat. I believe people will be able to accept it,” he told a media briefing on the second wave of subsidy rationalisation here Friday.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
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New subsidy cuts to save RM1.2bil

Postby admin » Sat Dec 04, 2010 11:24 pm

PUTRAJAYA: The prices of Ron95 and diesel have increased by 5sen per litre while liquefied petroleum gas (LPG) and sugar will go up by 5 sen per kg and 20sen per kg respectively.

Minister in the Prime Minister’s Department Datuk Seri Idris Jala said that the price hikes, effective midnight yesterday, were expected to result in a total savings of RM1.18bil.

He said the savings would be channelled towards the Government Transformation Programme including improving the urban transportation network, rural basic infrastructure and roads, education and efforts to combat crime.

Idris described the increase as very minimal and said it should not hurt the people.

“I think it is fair to the rakyat. I believe people will be able to accept it,” he told a media briefing on the second wave of subsidy rationalisation here yesterday.

He said the price of Ron95, which would be raised to RM1.90 per litre from the current price of RM1.85, would still be lower compared to its retail price in Indonesia (RM2.46), Singapore (RM4.63) and Thailand (RM4.25).

Idris said the price of diesel would retail at RM1.80 per litre compared to RM2.50 in Indonesia, RM3.18 in Singapore and RM2.96 in Thailand.

LPG will retail at RM1.90 as opposed to RM2 in Indonesia, RM6.42 in Singapore and RM1.93 in Thailand.

The new price of sugar at RM2.10 compares favourably to its cost in Indonesia (RM3.50), Singapore (RM3.80) and Thailand (RM2.80).

In the first subsidy rationalisation programme on July 16, the price of Ron95 and diesel went up by 5sen per litre while sugar and LPG were raised by 25sen and 10sen respectively, resulting in total savings of RM779mil.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
admin
Informer
 
Posts: 3811
Joined: Thu Jan 01, 1970 12:00 am
Location: Kuala Lumpur


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