30 Sep '13, 8am

No fuel price increase in near future – NEAC member

No fuel price increase in near future – NEAC member

Rumours surfaced last week regarding another fuel price increase, leading deputy finance minister Datuk Ahmad Maslan to come out and deny talks that there will be a 10 sen hike for RON 95 and a 15 sen hike for RON 97. It was just earlier this month that the price of RON 95 petrol and diesel jumped by 20 sen to be RM2.10 and RM2.00 per litre, respectively. People are jumpy, and it is fertile ground for rumours such as the above to take root and grow. But Malaysians can expect no fuel price increase in the near future, an economist with Alliance Research, Manokaran Mottain, told Bernama . Mottain is a member of the high-powered National Economic Action Council (NEAC). “The people are still in the midst of absorbing it (the fuel price hike). Any subsidy rationalisation will only be decided when it is really necessary,” he told the national news agency. Mottain added that the ...

Full article: http://paultan.org/2013/09/30/fuel-price-increase-near-fu...

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