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Saturday, August 23, 2008

Malaysia will cut the petrol price by 5.6 percent to 2.55 ringgit (0.76 dollars) a litre due to a drop in global oil prices, Prime Minister Abdullah Ahmad Badawi said Friday.
The diesel price will also fall by 3.1 percent to 2.50 ringgit a litre with effect from Saturday, Abdullah said according to the official Bernama news agency.
The government's announcement comes just three days ahead of a crucial by-election contested by opposition figurehead Anwar Ibrahim in the northern Penang state.
Anwar, who is bidding to return to parliament after a decade-long absence, has promised to cut fuel prices substantially if he wins the poll and later wrests power from the ruling coalition.
The government hiked petrol prices 41 percent in June to rein in the spiralling cost of energy subsidies.
Abdullah's decision sparked angry street protests and triggered calls for him to quit, compounding his woes after disastrous results in March elections.
The government later said it would review fuel prices periodically from September, with the new price to be fixed on the first day of every month.
*I dont see any difference man..just a few cents..whats the point of decreasing the price then?and anwar just get lost k..he dont deserve to be in the parliament..and..avril lavigne's concert was called off..thanx to the government and PAS people..its a rare opportunity for a foreign canadian to have a concert in malaysia..its the time to showcase malaysia to the world..bt nw they cancelled it although half of the tickets were sold out..stupid right? malaysia ma..*

Blogged @ 8/23/2008
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