Malaysia 40% petrol prices raises (RM2.70 per litre)
June 5th, 2008
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Effective starting on 05 June 2008, fuel price control will be removed and petrol price raised to RM2.70 per litre. A 40.6 percent jump from RM1.92 per litre to RM2.70. Ouch, what a shame. And the worse part is that price could reach 3 to 4 RM per litre in August, said Domestic Trade Minister Shahrir Samad.
Fuel price is just the beginning, food, daily goods and especially gas & electricity will increase as well due to the increased expanses.