Read this doc on Scribd: The Sun Malaysia Cover (5 June 2008)
The nation’s FREE newspaper 30 sen for delivery to your doorstep MEMBER AUDIT BUREAU OF CIRCULATIONS (MALAYSIA) 275,000 COPIES DAILY Award winning newspaper for public service reporting and opinion writing. No. 4527 PP 2644/12/2008 (020369) Thursday June 5, 2008 TELLING IT AS IT IS www.sun2surf.com » Obama wins nomination pg10 » Black for more laughs pg26 Days to kickoff by Llew-Ann Phang newsdesk@thesundaily.com PUTRAJAYA: In a move that caught many unawares, the government increased fuel prices by the highest margins to date with effect from midnight last night. At the same time, it also gave cash rebates to the owners of vehicles and motorcycles in certain categories. The price of premium leaded petrol (RON97) has gone up by 78 sen to RM2.70 a litre, and the price of diesel has risen by RM1 to RM2.58 a litre. There is no change in the prices of natural gas for vehicles (NGV) and liquefied petroleum gas (LPG). At a late afternoon press conference to announce details of the cabinet’s decision on a new subsidy management plan, Prime Minister Datuk Seri Abdullah Ahmad Badawi also disclosed a revised tariff structure for electricity in the peninsula that will take effect on July 1 (see table on Page 2). The immediate increase in the petrol and diesel prices took many by surprise as there had been earlier reports that they will go up only in August, but they are still lower than the speculated price of RM4 a litre and still among the cheapest in Asia. The administration will ease the pinch on the pockets of the consumers with an annual cash rebate of RM625 for those who own cars of up to 2,000cc, and pick-up trucks and jeeps of up to 2,500cc. A rebate of RM150 is also given to owners of motorcycles of 250cc and below. These cash rebates are for vehicles and motorcycles with road tax valid from April 1 this year to March 31 next year, the seemingly jovial premier said, adding that they will be handed out in the form of money orders at post offices nationwide from July 1. The owners of cars, pick-up trucks and jeeps with higher engine capacities will be given a RM200 discount on their road tax, and those who own motorcycles of higher than 250cc will enjoy a road tax discount of RM50. Almost immediately after the announcement, those who heard the news through the grapevine began converging at petrol stations nationwide to fill up their tanks, causing traffic congestions. Before announcing the new prices, Abdullah explained to a packed meeting room in his office the prices would be reviewed on a monthly basis subject to the world market prices. “However, the government has chosen a Petrol Diesel » » » NEW ELECTRICITY TARIFF FROM JULY 1 78 sen RM1 SHARIL AMIN/THESUN RM625 ANNUAL CASH REBATE FOR CARS UP TO 2,000cc AND PICK-UP TRUCKS AND JEEPS UP TO 2,500cc RM150 ANNUAL CASH REBATE FOR MOTORCYCLES UP TO 250cc » Turn to Page 2 Cars queue up for petrol before the price increase at midnight last night.
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