Epulklate’s Weblog


Posted on: November 20, 2008

KUALA LUMPUR, Nov 19 (Bernama) — The government has no plan to abolish the fuel price subsidy, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said.

He said the government, however, was no longer subsidising the petrol price at the pump.

Subsidy was now only given to diesel and liquefied petroleum gas (LPG), he added.

“At the price of RM2 per litre, the government is not subsidising. The subsidy for petrol at the pump in October was only RM15 million,” he told reporters at the Parliament lobby today.

On Tuesday, Deputy Prime Minister Datuk Seri Najib Tun Razak announced that petrol and diesel will be sold 15 sen cheaper following the government’s decision to lower fuel prices in tandem with the downward trend of global oil prices.

The pump price of RON97 petrol is now at RM2 a litre while the retail price of RON92 petrol and diesel is RM1.90 a litre.


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