Be prepared for fuel price increase in the next few months in August or tomorrow. Not only cost of fuel will go up but this will result in cost of other goods to increase as well.New oil subsidy from Wednesday (From the Star Online)
http://thestar.com.my/news/story.asp?file=/2008/6/3/nation/21435625&sec=nation
KUALA LUMPUR: A new fuel subsidy scheme to be announced tomorrow will take immediate effect to prevent further speculation.
...a new fuel subsidy scheme would most probably be implemented in August.
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Oil hike - this Wednesday or next August? (From MalaysiaKini)
Jun 2, 08 8:32pm
http://www.malaysiakini.com/news/83833
When will the government announce the expected hike in fuel prices, which will see the implementation of a new subsidy system?
Will it be in August as mentioned previously by the Second Finance Minister Nor Mohamed Yakcop as well as by Domestic Trade and Consumer Affairs Minister Shahrir Abdul Samad today?
Or will it be as soon as this Wednesday as announced also today by Prime Minister Abdullah Ahmad Badawi?
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Pump price at 'market levels by August (From MalaysiaKini)
Jun 3, 08 1:41pm
http://www.malaysiakini.com/news/83854
The government, which will announce the framework for its revamped fuel subsidy scheme tomorrow, has set the goal of raising the pump price to market levels by August, a minister said.
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