YEAH! Malaysia cuts fuel price by 5%

[Metalslug]

http://news.asiaone.com/News/AsiaOne%2BNew...202-105034.html

 

Malaysia cuts fuel price by 5%

 

 

Tue, Dec 02, 2008

AFP

 

 

 

KUALA LUMPUR - MALAYSIA on Tuesday cut petrol prices by 5.0 per cent, bringing pump prices down to 1.90 ringgit (S$0.80) per litre amid easing global crude prices.

 

Prime Minister Abdullah Ahmad Badawisaid said the 10 sen cut would be effective on Wednesday with diesel also reduced by 10 sen to 1.80 ringgit per litre.

 

'As the price of oil has visibly dropped, the government has again made a decision to reduce retail prices so that the public can benefit,' he said in a statement.

 

It is the sixth fuel price cut the government has announced since June's 41 per cent hike on the back of soaring crude costs, which sparked angry street protests and calls for the premier to resign.

 

The last cut, by 15 sen, was just over two weeks ago.

 

June's hike saw inflation soar, with the August price index reaching a 26-year high of 8.5 per cent, also driven by the escalating cost of food and transportation.

 

Inflation has since eased at 7.6 per cent in October as fuel prices dropped.

[Mustank]

wow same price as sg oem diesel

[Marcng]

[Nullifi3d]

the government has again made a decision to reduce retail prices so that the public can benefit

 

no such thing happening in SG eh.

[Ahyoo2002]

Any idea how much is the Vpower in malaysia?

[Scenic98]

hopefully our eggs, veg, chickens (with feather) from malaysia will be cheaper

[Nolicense]

SG don't own oil well i guess.. MY talk about 5% reduction, SG talk about 5 cents reduction..

[Metalslug]

not sure about vpower? maybe its RM2.15?

[Chrispie]

Last time say got country subsidy, it was at 1.97? Now has dropped to 1.90.. way to go man.. but too bad i hardly go in to pump...

 

When will our 95 cost $1/litre before discount?

[Shox87]

JB V power Racing is now 2.35RM per litre.

 

converted to SGD is $0.9915

[Ahyoo2002]

Diff of RM0.45 per litre? Quite a lot

[Shox87]

i believe the quoted 1.95RM is the price for normal petrol

 

can other clarify and shed some light on this?

[Nkps]

for the benefit of all jaybee kakies, as of 3/12/2008:

 

RON97 - RM1.90/L

RON92 - RM1.80/L

V-Power - RM2.35/L

Diesel - RM1.80/L

[Ahbengdriver]

 

Kuan Yin Ma got eyes ah, help Bengs like me during recession

 

[Nkps]

[Tigershark1976]

i think i read frm Mal newpaper last week that the petrol mkt price is ard RM1.60/L, at $1.90/L. If that s true, Malaysian petrol is no longer subsidised.... the gov is actually taxing on the petrol liao.

[Macrosszero]

There's so many brands of petrol in Malaysia but it is the government deciding the petrol prices? How does this work?

[Metalslug]

i just went in and it seems touch and go is a must for toll next time

 

however when i went into caltex station, they said sold out. how to buy like that? can buy at the new CIQ?

 

i also noticed its a much longer drive to the CIQ vs the old causeway....