Tuesday, June 3, 2008

Petrol PRICE UP to RM4 per liter

I belive petrol price in our country will up to the world market standard soon.

From paultan.org
UPDATE 3:37PM: Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad says that the full new subsidy system cannot be decided immediately, so only initial details will be announced tomorrow, with the full picture to be unveiled in August 2008. He also added that the fuel subsidy mechanism could involve the following methods: a) cash income subsidies b) quota system tied to MyKad or car registration number.
With this latest piece of news, a market price at pump for petrol may not be introduced from Wednesday onwards as previously indicated. The market price is likely to be truly insane compared to what we are used to - in the high RM3 range, close to RM4 per liter.
Diagram below show petrol price of Malaysia in Red compare with other country.

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