Petrol prices cut by 15 sen per litre - The Star

PUTRAJAYA: Petrol and diesel prices will go down 15 sen a litre from 12.01am on Saturday - the fourth reduction since August.

The new price of a litre of RON97 will be RM2.15 from RM2.30; RON92 will be RM2.05 from RM2.20; and diesel will be RM2.05 from RM2.20.

The prices will be reduced so that the people could enjoy the benefit of the recent drastic drop in global fuel prices, said Prime Minister Datuk Abdullah Ahmad Badawi in a statement on Friday.

The Star reported on Friday that petrol price will go down by 15sen and that petrol dealers expect another round of price cuts on Nov 15.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said that if the world crude oil price continued to drop at the present rate, local pump prices would likely revert to the pre-June price of RM1.92 per litre.

Shahrir, who said the average world crude oil price for October was US$76.40 (RM267.40) per barrel, said the average for November might go below US$70.

[More at http://thestar.com.my/news/story.asp?file=/2008/10/31/nation/20081031175020&sec=nation]