GOOD NEWS TO ALL MALAYSIAN……. The petrol and diesel price will drop by between eight sen and 22 sen respectively Saturday.
Prime Minister Datuk Seri Abdullah Ahmad Badawi announced Friday that the Cabinet had decided that the price of RON97 petrol be reduced by 15 sen to RM2.55 a litre from RM2.70, while RON92 would cost 22 sen less at RM2.40 a litre from RM2.62 a litre.
The retail price of diesel would drop by eight sen to RM2.50 a litre, he said in a statement.
The petrol price was determined by taking into account the actual price from Aug 1 to 21 and the 30 sen per litre subsidy borne by the government while the subsidy for diesel, based on the new price, was 50 sen a litre.
Source: Bernama
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