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New Price For Petrol, Diesel And Electricity

The new price of premium leaded petrol (ULG 97) is RM2.70 per litre beginning 5 June 2008. The price for ULG 92 petrol per litre went up by 74 sen to RM2.62. Diesel will go up by RM1 per litre to RM2.58. The 78 sen hike or 40 per cent increase for the ULG 97 petrol is still below the antiticpated RM4 per litre price projected earlier and among the cheapest in Asia.

The announcement was made by Prime Minister Datuk Seri Abdullah Ahmad Badawi at a news conference.

A RM625 annual cash rebate per vehicle, for owners of private vehicles with engine capacities of up to 2,000cc, as well as pickup trucks and jeeps with engine capacities of up to 2,500cc. Owners of private motorcycles with engine capacities of up to 250cc will receive RM150.

Payment will be made via Money Order upon renewal of road tax, from July 1.

For owners of private vehicles with engine capacities exceeding 2000cc, road tax will be reduced by RM200. Owners of private motorcycles with engine capacities above 250 cc will get RM50 reduction in road tax.

Tenaga Nasional Bhd would be raising electricity rates by 18% for homes and 26% for business users with effect from 1 July 2008.

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1 Comment so far

  1. no imageshanmugam (Check me out!) on June 10th, 2008

    The whole world is facing oil crisis. most of the countries are suffering due to the oil price hike but we need to find an alternative way to resolve this problem.Firstly, if our transport system is good and cheap then most people prefer to travel by common transport.

    I dare to say that our transport system is still lagging and inadequate. Another thing is that our malaysian lived their life luxuriously and they do not face difficulties as those days in 1950s and 1960s where we use to walk for miles.Nowadays, everything is available and life is easy for those employed and business people but for unemployed and the old people still have to suffer.

    I do not agree with 18% electricity cost rise because each year the TNB has shown few million ringgit of profit continuously.why not you share your profit with your client or the user. we are the one contribute the money to TNB but the profit was enjoyed by somebodyelse.
    The richer getting richer and the poorer getting poorer.
    That is all I can say because the nature is playing a big role now to balance the imbalance of natural disaster.

    Thank you

    Yours sincerely,
    Shan

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