Friday, August 22, 2008

Gov't slashes petrol price by 15 sen - Malaysiakini

The government announces that price of RON97 petrol will go down by 15 sen from RM2.70 to RM2.55 per litre at the pumps beginning midnight, a reduction of 5.6 percent.

Meanwhile, the lower grade RON92 petrol will be slashed by 22 sen from RM2.62 to RM2.40 a litre.

For diesel, the price will go down by eight sen, from RM2.58 to RM2.50.

Prime Minister Abdullah Ahmad Badawi made the announcement today - two days after he reiterated that petrol prices would not be cut before Aug 31.

It is believed that the announcement was made ahead the crucial by-election in Permatang Pauh to be held next Tuesday.

"The petrol prices were fixed after taking into account the real price of petrol from Aug 1 to Aug 21, as well as the fixing of 30 sen subsidy for both grades," he said in a statement.

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