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Sep 5, 2008

Another RM0.15 fuel price next month

NST | The government may again review petrol prices in October, Prime Minister Datuk Seri Abdullah Ahmad Badawi said today.
He said if global crude oil prices stabilise at US$109 per barrel until the year end, the government may reduce pump fuel prices.

“Now, the global crude oil price is at US$109 per barrel. If it stays at that level, then of course I will be very happy to reduce it by 15 sen than the current RM2.55 (fuel pump) price,” he told reporters after chairing the Finance Council Meeting here today.

“Pray that it (crude oil price) does not go up, and that it will go down more. We are monitoring all the time,” said Abdullah, who is also Fiance Minister.

On Aug 23, fuel price was reduced by 15 sen to RM2.55 a litre from RM2.70.


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