Saturday, December 20, 2008

No Floor Price On Petrol

No Floor Price On Petrol, Tax Will Be Imposed If Below RM1.90 A Litre
PUTRAJAYA, Dec 19 (Bernama) -- The government has decided not to set a floor price on petrol but instead will impose a tax if its market price falls below RM1.90 a litre, said Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad.
"Under the mechanism, we determined that the ceiling price be set at RM2.70 a litre with 30 sen subsidy still given if the market price is above RM1.90 a litre.

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