KUALA LUMPUR: Prime Minister Datuk Seri Abdullah Ahmad Badawi on Wednesday announced price hikes for petrol, diesel and electricity.
He said the new price for petrol is RM2.70 a litre, effective midnight tonight. The price goes up by 78sen from the current RM1.92, a hike of 40%.
Abdullah also announced that the price of diesel would be increased by RM1 from RM1.58 to RM2.58.
He also said that Tenaga Nasional Bhd would be raising electricity rates by 18% for homes and 26% for business users.
The announcements are part of the new fuel subsidy plan.
Abdullah also announced a RM625 annual cash rebate per vehicle, for owners of private vehicles with engine capacities of up to 2,000cc, as well as pickup trucks and jeeps with engine capacities of up to 2,500cc.
Owners of private motorcycles with engine capacities of up to 250cc will receive RM150.
Payment will be made via Money Order upon renewal of road tax, from July 1.
For owners of private vehicles with engine capacities exceeding 2000cc, road tax will be reduced by RM200.
Owners of private motorcycles with engine capacities above 250 cc will get RM50 reduction in road tax.
[Attached from The Star news]
Filed under: General issue | Tagged: 2008, Malaysia, petro price
what’s next? RM4.00 per litre?
i think won’t be RM4. will be stable at RM2.70 for a while, but range between Rm2.70 – Rm3.40 for the coming years..
However, i do think that the world oil price will be drop in the coming years..probarbly next year…drop to baseline around USD 80 per barrel. just let see…. todat high oil and food price, may due to the demand and supply, but the main course should be the political interference.