Fuel prices drop by 15 sen per liter

by Priya on Tue Nov 18, 2008 1:29 pm

http://www.nst.com.my/Current_News/NST/Monday/Frontpage/20081117181437/Article/index_html

Petrol and diesel will be sold at 15 sen cheaper tomorrow following the government’s decision to lower the fuel prices in tandem with the downward trend of global oil prices.

The pump price of RON97 petrol will be RM2 a litre from RM2.15 while the retail price of RON92 petrol and diesel is RM1.90 a litre, Deputy Prime Minister Datuk Seri Najib Tun Razak said in a statement today.

He said this is the fifth downward revision since August in honouring the government’s promise to the people to lower fuel prices if oil prices dwindled in the world market.

Najib hoped traders would also lower prices of goods and services following the reduction in fuel prices to enable the people to reap the full benefits of cheaper fuel.

The people should continue to use petrol and diesel sparingly despite the lower price in line with the government’s efficient energy consumption plan, said Najib, who is also Finance Minister.