PETROL PRICE IN MALAYSIA

I guess the to float or fix ceiling price decision miraculously disappear suddenly as commonly as any other issues in Malaysia. This new report more or less 'confirms' that there is a 'ceiling price'. Rob us in broad daylight, we love it!

Petrol Price To Remain, Says Shahrir

PUTRAJAYA, Jan 14 (Bernama) -- The price of petrol will remain at current levels although there has been a drop in the price of crude oil in the world market, Minister of Domestic Trade and Consumer Affairs Datuk Shahrir Abdul Samad said today.

"This is because the average price as of yesterday was still above the US$43.2 per barrel level," he told reporters after announcing the maximum retail and wholesale price control scheme for the Chinese New Year, here today.

Should the price of oil continue to drop in the world market to below the US$30 or US$35 per barrel level in the next two or three days, then a price cut of two to five sen might be considered, he said.

Effective December 15, the price of RON97 petrol was brought down to RM1.80 per litre while RON92 and diesel prices were reduced to RM1.70 per litre.

BERNAMA