Petrol, Diesel Prices To Increase At Midnight Tonight - Bernama

PUTRAJAYA, June 4 (Bernama) -- Petrol and diesel prices will go up by 78 sen and RM1 per litre respectively at midnight tonight, Datuk Seri Abdullah Ahmad Badawi announced Wednesday.

The prime minister said the new price for petrol at the pump would be RM2.70 per litre and diesel, RM2.58 per litre.

Abdullah told a news conference at his office the Cabinet had agreed on a cash rebate for Malaysian owners of private cars and motorcycles to ease the burden of the rise in the fuel prices.

"A cash rebate of RM625 per year will be given to owners of private cars of engine capacity of up to 2,000 cc and pick-up trucks and jeeps of up to 2,500 cc.

"Owners of private motorcycles of engine capacity of up to 250 cc will be paid a cash rebate of RM150 per year," he said.

The prime minister said the cash rebate would be given to the owners of the cars and motorcycles when they paid or renewed their road tax.

He said the cash rebate would cover cars and motorcycles for which the road tax was renewable between April 1 2008 and March 31 2009.

The prime minister said the cash rebate would be given in the form of money order at post offices nationwide beginning July 1 2008.

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