Petrol Price Up Again!

This piece of news forwarded by my friend kshern must be explosive in Malaysia, which must be the first-page story in all today (28/Feb/06)'s newspapers of Malaysia. Since four years ago I came to Malaysia to do my postgraduate studies, the price of Malaysia petrol has improved many times and almost double. Sign, my living expense is setting to GO UP again!

KUALA LUMPUR, Feb 27 (Bernama) -- The retail price for petroleum products including diesel will be raised by another 30 sen effective Tuesday.

"The government has decided to raise the retail price of petrol and diesel by 30 sen per litre and the price of LPG by 30 sen per kilogram effective tomorrow (Tuesday)," said a statement from the Prime Minister's Office Monday night.

The increase was to tackle the impact from the increase in the price of crude petroleum in the world market and to curb the increase in subsidy which had to be borne by the government, the statement said.

However, the statement said that the government gave an assurance that there would be no further raise in the retail price of petroleum products this year.

The last time the government raised the retail price of petroleum products was on July 31, 2005 where the price of petrol went up by 10 sen per litre, diesel by 20 sen per litre and LPG by five sen per kilogram.


Technorati tags: Malaysia, Petrol, Crude Oil