PUTRAJAYA, 24 Sept 2008: The price of petrol and diesel will be reduced by 10 sen to RM2.45 and RM2.40 per litre respectively beginning tomorrow, Prime Minister Datuk Seri Abdullah Ahmad Badawi said today.
He said the retail price of RON92 petrol will also be reduced from RM2.40 to RM2.30 per litre.
Abdullah disclosed this in a media statement read by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad, here.
Abdullah said the new price adjustments took into consideration the actual petrol price between 1 and 22 Sept.
He said although the world oil price had dropped slightly, the value of the ringgit against the United States (US) dollar had also weakened resulting in the 10 sen reduction being the maximum that the government could give.
Abdullah said the decision on the fuel price reduction was made today as the cabinet meeting this morning was the last one for September and it was also to usher in the Hari Raya Puasa which is expected on 1 Oct.
“The government is also aware that the public will be making their journey to their hometown to celebrate the Hari Raya at the end of the week.
“Thus, the government hopes the price reduction would ease the burden of the people, especially in celebrating the Aidilfitri,” he said.
The price reduction is the second after the last reduction on 23 Aug.
In the reduction earlier, the retail price of RON97 petrol was reduced by 15 sen from RM2.70 to RM2.55 per litre while RON92 was reduced by 22 sen from RM2.62 to RM2.40 per litre. The diesel price was reduced by 8 sen from RM2.58 to RM2.50 per litre. — Bernama