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NO MORE RON95 Petrol And Diesel Subsidies Starting 1 December

The retail price for these two fuels will be decided by a managed float.

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Putrajaya Has Announced All Subsidies For RON95 Petrol And Diesel Will Be Stopped Beginning 1 December 2014


The announcement was made by Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek on Friday

Image via thestar.com.my

The Domestic Trade, Cooperatives and Consumerism Minister, who announced this at a press conference here on Friday, said the retail prices for RON95 petrol and diesel will be fixed according to a managed float, similar to the mechanism dictating the RON97 petrol price.

thestar.com.my

"RON95 and diesel prices from Dec 1 will depend on oil prices in the global market during November," he added, according to Bernama.

channelnewsasia.com

Sad penguin is now...

Image via news.com.au

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