Tuesday, June 03, 2008

Petrol Price Hike

I'm quite certain that the Malaysian government will announce a petrol price hike on Wednesday, June 4, 2008 from the current RM1.92/litre to RM2.82/litre. This follows from a review of the fuel subsidy mechanism ~ although a quota system has already been mooted, implementing such a system is well beyond the mental capacity of our pea-brained Prime Minister. So its going to be a simple price hike.

Up-Date:
Okay, I was wrong. New price is RM2.704 per litre.

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