Calow Investment Portfolio
PETROL / DIESEL - UP BY PRICE 0.20 per litre
PETALING JAYA: The price of RON95 and diesel fuel will go up by 20sen effective midnight.
The new prices for RON95 will be RM2.30 per litre while diesel fuel will cost RM2.20 per litre.
The Domestic Trade, Cooperatives and Consumerism Ministry said the government has decided to reduce the current fuel subsidy by 20sen in keeping with its subsidy rationalisation plan.
“Despite the increase, the Government will still need to spend more than RM21bil on fuel RON95, diesel and LPG subsidies for this year.
“This move is in line with the subsidy rationalisation plan by the government to ensure that the country’s finance remain strong,” the Ministry said in a statement on Wednesday.
It said the Government also aimed to curb the further smuggling of fuel by irresponsible quarters and also to ensure that the current subsidy is not misused.
“The Government will continue to implement the subsidy rationalisation in stages so as to not burden the lower income group.
“We understand that fuel price increase will affect the economy and the people. Therefore, we will continue to provide incentives to the lower income group to alleviate their burden,” said the Ministry.
The current un subsidised market price for RON95 is RM2.58 per litre while diesel is RM2.52 per litre.
SOURCE: http://www.thestar.com.my/News/Nation/2014/10/01/Petrol-Price-increase-20-sen/
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1 person likes this. Showing 18 of 18 comments
为了减缓油价调涨20仙的冲击，贸消部表示，政府下周将在2015年财政预算案中，宣布调高一马人民援助金。 Now I understand why the fuel price have to increase !LOL
2014-10-01 21:27
Talk coke fbz again, above 100 new normal? Omg, pls remember wat he said n see when oil can go back 100 as normal.
2014-10-01 21:30
can I double check one thing with you guys, last year budget 2014 PM said will review the personal tax right? what is the story? TQ
2014-10-01 21:58
fuel price increase means tenaga might be increasing the price, production cost increase, while diesel increase, transportation increase..GST coming..
2014-10-01 22:23
Y2015 can be a very tough, life will be difficult, watch out for market pull back !
2014-10-01 22:30
ccs999 : personal tax reduce because gst ! Start on 1/4/2015. Same story, here reduce there increase, at the end, still is INCREASE ,
2014-10-01 23:11
Finally, hidup semakin susah, economy semakin bad control by they good management~ this time they say huat liao,Ong lai liao.got extra lui liao..but hidup rakyat kandui again..
2014-10-01 23:38
Tomorrow drink one glass milopeng up 20cents,roti canai up 10cents,kangkung up 10cents etc... the boss will say coz petrol up 20cents,must follow the wind up together baru syoik.zzz,this is the culture ~
2014-10-01 23:41
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2014-10-01 20:17