HARGA MINYAK NAIK 2.70 SEN RAKYAT TERSEPIT ! DUNIA MENUJU NERAKA....
The following is the new prices of petrol effective from midnight tonight:
| New Price | Old Price | |
| RON97 Petrol | RM2.70 per liter | RM1.92 per liter |
| RON92 Petrol | RM2.62 per liter | RM1.88 per liter |
| Diesel | RM2.58 per liter | RM1.58 per liter |
No word at the moment on how much Shell V-Power will cost.
The government will be giving a subsidy of RM625 a year for cars with engine displacements 2000cc and below liters (joy for Mercedes-Benz C200K and E200K owners with their 1.8 liter engines, I suppose), and RM120 a year for motorcycles. RM625 is said to be an equivalent of 800 liters a year, which is roughly 78 sen per liter.
Basically for the first 800 liters of fuel used per year, you’ll still be paying the old price of RM1.92 per liter. 66 liters per month is the equivalent of nearly 2 full tanks for a small compact car, or just over 1 full tank for a typical sedan. Payment of the subsidy will be made via postal order to be issued when you renew your car’s road tax annually.
These changes are only temporary. As mentioned by Datuk Shahrir Samad yesterday, this will only be step one in the final plan in restructuring the way we purchase fuel in our country. These prices are still controlled prices - future prices will be a floating market rate that is not capped by the government.
The government will be moving towards abolishment of the fuel subsidy in the future, so we’d better just get used to these new prices.
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