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Nov 22, 2008

Najib: Fuel prices can’t be reduced continuously

malaysianinsider | The government cannot reduce the retail price of petrol and diesel continuously when global crude oil prices decline as they are volatile and can increase again within a short period.

Lowering prices too fast and too low could also have an adverse impact on efforts to develop alternative sources of energy, Deputy Prime Minister Datuk Seri Mohd Najib Razak said here yesterday.

The current low price of oil "is not sustainable, it's going to go up (and) when the price goes up, there will be a need to do a review," said Najib, who is in the Peruvian capital to attend the Asia-Pacific Economic Cooperation (Apec) summit beginning today.

He was responding to questions on the impact of the low global crude oil prices on fuel prices in Malaysia, on Petronas and on the economy at a press conference with the Malaysian media at the Miraflores hotel here.

Najib spoke to media after performing Friday prayers at the Peruvian Islamic Centre. He also gave a contribution of US$5,000 (RM18,000) to the centre.... more.
Malaysian are also cant continously let BN lead the country ..... Pinky, pinky ... pinkyyyyy!!!.....


Anonymous said...

Sebelum ni dia marah kepada peniaga yang tak mahu turun harga barang walaupun harga minyak dah turun.
Sekarang dia pula pergi tiru. Rupanya BN ni macam peniaga juga.

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