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Guan Eng: Retail petrol prices to be set on weekly basis
savemalaysia
Publish date: Mon, 24 Dec 2018, 04:53 PM
KUALA LUMPUR (Dec 24): Finance Minister Lim Guan Eng today said retail prices of petroleum products in Malaysia will be set on a weekly basis from Jan 1, 2019 instead of monthly, as the government works towards lowering fuel prices.
In a statement, Lim said the government will work towards lowering retail prices of petroleum products, including RON95, starting Jan 1, 2019, because
prices are currently set on a monthly basis.
"Subsidy for petrol products from May to November 2018 amounted to RM5.82 bilion," Lim said.
http://www.theedgemarkets.com/article/guan-eng-retail-petrol-prices-be-set-weekly-basis
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Discussions
1 person likes this. Showing 19 of 19 comments
with oil price so low now , govt earn a lot from the current petrol pump price , govt need to float the retail price for the ppl to enjoy low petrol price..
2018-12-25 09:23
PH ministers should go out and benchmark what other countries are doing, don't just sit below the long and deep well...LOL
2018-12-25 10:27
PH did not even reduce prices until the opposition pointed it out. idealistic inexperienced bunch of fellas. that's dangerous for the country....
2018-12-25 10:32
Oil price downtrend starting December.. why you not mention before high price government not increase petrol price?
2018-12-25 10:38
To be honest 2.20 is still ok, u drop petrol price, transportation company and other companies wont even drop price.. also those who pump patrol save some money, but got extra money go buy foreign things or travel, so why not give the government earn some income la.. before that we malaysian keep complaining about GST. Those no do businesses are dumb enough to support removal of GST.. PH make it happen, now they want some income u all there bising bising.. want them how ?
2018-12-25 10:48
Until malaysia wont stop complaining, we will not see bursa hit 2000 at all.
2018-12-25 10:49
Think somebody also don't mind paying more taxes also, might as well bring back GST...
2018-12-25 10:52
sounds like bn...... no it's PH! the lines are getting blurr between BN & PH.... macam sama je
2018-12-27 15:41
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Revert to BN's style, PH have run out of ideas...WTF
2018-12-25 08:32