Friday, September 12, 2008

Petrol, diesel prices reduced from Saturday

Here's some cheery news. The price of petrol and diesel at the pump will be reduced from Sat, Aug 23.

The price of RON97 petrol will be reduced by 15 sen to RM2.55 a litre from RM2.70, while RON92 will be 22 sen less at RM2.40, from RM2.62.

The premium Shell V-Power Racing will cost 10 sen less per litre, at RM3.05 from RM3.15.

The retail price of diesel will be eight sen less at RM2.50 a litre.

Prime Minister Datuk Seri Abdullah Ahmad Badawi announced the new prices in a statement after Friday's Cabinet meeting.

He said the prices were determined by taking into account the actual price from Aug 1 to 21 and the 30 sen per litre subsidy borne by the government, while the subsidy for diesel, based on the new price, was 50 sen a litre.

"The cabinet decided to bring forward the enforcement date for adjustment of the new petrol price," he said.

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