RON 97 to cost 20 sen more from today

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

RON 97 to cost 20 sen more from today

Postby admin » Thu May 05, 2011 6:52 am

PETALING JAYA: The price of premium petrol RON 97 will be increased by 20 sen to RM2.90 per litre today.

Malaysian Petrol Dealers Asso­ciation president Datuk Hashim Othman, who confirmed this, said the price hike would be effective at midnight yesterday.

“The price of RON 97 currently fluctuates as the Government has lifted the subsidy for this petrol,” he said.

He added that the recent occurrences of global natural disasters and the political instability in the Middle East had caused an increase in crude oil prices.

Hashim said crude oil prices dipped slightly after the United States announced the death of terrorist Osama bin Laden.

“The price of RON 97 might go down in the future, but that depends on the political situation in the Middle East,” he said.

“Natural disasters will also affect the price.”

Hashim, however, added that the price of RON 95, which is subsidised, would stay at RM1.90 per litre.

Last month, Deputy Finance Minister Datuk Donald Lim Siang Chai told Parliament that the Government had spent RM23.1bil on oil subsidies in 2010 compared with RM33.2bil in 2008.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
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RON97 petrol up 20 sen to record high of RM2.90

Postby admin » Thu May 05, 2011 6:53 am

PETALING JAYA: The price of premium RON97 petrol will be increased by 20 sen to a record high of RM2.90 per litre from Thursday.

"The price of RON97 fluctuates as the Government has lifted the subsidy for this petrol," Malaysian Petrol Dealers Association president Datuk Hashim Othman said Wednesday when confirming the price increase.

The previous increase was a month ago.

"The price of RON97 might go down in future, but this depends on the political situation in the Middle East as well as natural disasters," he added.

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


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