Malaysian petrol price to increase AGAIN!!!

[Chai]

Well...if you think this is yet another an SMS rumour, then too bad for you.

First, I got a reliable source (my aunt who works in petrol station), even I still don't believe until it was on Chinese TV news just now. I drove straight to my nearest petrol station, thinking it would be full again! I was wrong!

It was so empty, like no one knew about the annoucement and probably knew but wouldn't believe...LMAO! So if you read this, please go and pump petrol now!

I'm trying to find reliable online sources as I type this, since I know many wouldn't believe me...hehe

[Chai]

LOL! Forgot to post the price increment.

Unleaded/leaded petrol - 10sen
Diesel - 20sen

I didn't bother to read the rest on TV...LOL

[Giraffe }{unter]

what is the equivalent in US $

we pay about $2.40 per gallon unleaded

[Chai]

Don't worry, it's still cheaper than what you guys are paying.

About $0.42 per liter.

But this is the second increment in just a few months...sigh...

[Bestia(ry)]

And you dare to complain?? ^^

Super98+ (unleaded) : $1.40
Super95 (unleaded) : $1.31
Normal (unleaded) : $1.28
Diesel : $1.16

[Chai]

Being in a petroleum 'infested' country, we sell better fuels to other countries, and buy cheaper fuel from other countries. And now we have to pay more because the government doesn't want to subsidies anymore... Petronas is making big bucks, and now we are losing big bucks!

We used to pay $0.28 just a few years ago...

Don't forget, you guys can get Golf GTI for £19,995, but we have to pay almost double that here!

[Andrew]

Originally Posted by Chai

I've read some news that Rubens is going to BAR next year!

http://www.speedtv.com/articles/auto/formulaone/18541/

Erm ... I could be wrong, but maybe you've posted this in the wrong forum or something?

(I don't see any relation to the petrol price hike -- or maybe I'm just too tired. Pardon me if I'm mistaken.)

[Bestia(ry)]

Dun worry, you're right.
Even "the police" is allowed to make mistakes.

[peaz]

I went to pump petrol for my car just now.. it wasn't full but it was not empty too. Looks like the word is spreading, just not like fire. And it also seems like the petrol kiosk was ready as I saw the 'lady boss' there, which was unusual at that hour (11pm).

[Andrew]

Is this it?

Fuel Prices Up Again, 20 Sen Hike For Diesel, 10 Sen For Petrol

KUALA LUMPUR, July 30 (Bernama) -- The government Saturday announced increases in the retail price for diesel, petrol and LPG (liquefied petroleum gas) by 20 sen, 10 sen and five sen per litre effective Sunday.

The Prime Minister's Office, in a press statement tonight, said the increase was part of government efforts to tackle the impact of the increase in the crude oil price in the world market and to check the increase in subsidy which the government had to bear.

With the latest increase, the retail price for premium petrol (RON97) in Peninsular Malaysia is now RM1.62 per litre, petrol (RON 92) RM1.58 per litre, diesel RM1.281 per litre and LPG RM1.45 per kilogram.

In Sabah and Sarawak, the new retail price for RON 97 is RM1.60 and RM1.61 per litre respectively, RON 92 RM1.58 in both states, while diesel is RM1.284 and RM1.278 per litre respectively while LPG is RM1.53 per kilogram in both states.

This is the second time the government had announced increases in the prices of petroleum products within a two-month period. The last price increase was in May.

At the same time, the government also announced a 20 sen increase in the subsidy for fishermen from 44.1 sen to 64.1 sen per litre. This means that fishermen will be able to buy subsidised diesel at around RM1.20.

This was because the government was very concerned about the burden borne by fishermen who were buying subsidised diesel at a much higher price compared to the price enjoyed by land transport operators.

According to the statement, the government had been bearing the subsidy for petroleum products which was rising. The subsidy borne in 2004 amounted to RM4.8 billion and the figure was expected to increase to RM6.63 billion by the end of the year.

The figure for this year had taken into account the increase which took effect on July 31, 2005. In addition, the government would also be bearing the burden in terms of tax exemption for the year 2005 amounting to RM7.85 billion.

This means that the overall loss burden borne by the government is RM14.48 billion.

At the same time, the government also announced a 20 sen increase in the subsidy for fishermen from 44.1 sen to 64.1 sen per litre. This means that fishermen will be able to buy subsidised diesel at around RM1.20.

This was because the government was very concerned about the burden borne by fishermen who were buying subsidised diesel at a much higher price compared to the price enjoyed by land transport operators.

According to the statement, the government had been bearing the subsidy for petroleum products which was rising. The subsidy borne in 2004 amounted to RM4.8 billion and the figure was expected to increase to RM6.63 billion by the end of the year.

The figure for this year had taken into account the increase, which took effect on July 31, 2005. In addition, the government would also be bearing the burden in terms of tax exemption for the year 2005 amounting to RM7.85 billion.

This means that the overall loss burden borne by the government is RM14.48 billion.

-- BERNAMA

Source: Bernama