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Home News Auto News Fuel Prices Set To Change Tomorrow? Fuel Prices Set To Change Tomorrow? Auto News Siew Weng | January 03, 2019 08:59 pm It will be the end of the week tomorrow, and as proposed by Finance Minister Lim Guan Eng, the government will announce the new mechanism on retail prices for fuel prices tomorrow.In a report by The Star, Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Seri Saifuddin Nasution Ismail said the Cabinet has reached a decision on the mechanism on fuel prices in Malaysia.“The Cabinet met on Wednesday to discuss the matter and have reached a decision. It (the price of fuel) will be announced tomorrow (Friday),” Datuk Seri Saifuddin said in a press conference.Early last week, the Ministry of Finance (MoF) proposed to lower fuel prices starting from January 1st thanks to the downward trend of crude oil prices. The ministry also proposed a weekly float system, so that consumers can enjoy the savings sooner. The Finance Minister also dismissed allegations that the government had been imposing a sales tax on fuel, but in fact, had still been subsidizing prices of RON 95 and diesel fuel in November. Screenshot from The StarTV, dated January 2nd 2019 PDAM also met with PM Tun Dr Mahathir Mohamed to seek approval to raise their sales commission from 12 sen per litre to 15 sen per litre for both types of petroleum products.MoF has also proposed to cap the price of RON 95 petrol to RM2.20 should there be an increase in global crude oil prices.This price cap is however only temporary until the government has put the targeted fuel subsidy mechanism in place, where trials are scheduled to begin in March. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Fuel Price Print Related News Fuel Price Update: 7 Sen Drop For Petrol, 6 Sen Drop For Diesel Auto News Eric | June 14, 2017 From 14 June till 21 June 2017, motorists in Malaysia will be able to enjoy cheaper petrol and diesel.New prices below: RON95 - RM1.98 (down 7 sen ... Fuel Price Update: June 2017 Week 4 Auto News Eric | June 21, 2017 From 21 June till 28 June 2017, motorists in Malaysia will be able to enjoy slightly cheaper petrol and diesel.New prices below: RON95 - RM1.91 (down ... Fuel Price Update: 2 Sen Drop For Petrol, 4 Sen Drop For Diesel Auto News Eric | June 28, 2017 From 29 June till 5 July 2017, drivers in Malaysia are expected to pay slightly less for petrol and diesel.New prices below: RON95 - RM1.89 (down 2 ... Fuel Price: 13-19 July 2017 - Petrol And Diesel Increase Auto News Eric | July 12, 2017 The Ministry of Domestic Trade, Cooperatives, and Consumerism (KPDNKK) has just announced the latest fuel prices for next week. Drivers in Malaysia ... Comments
Fuel Prices Set To Change Tomorrow? Auto News Siew Weng | January 03, 2019 08:59 pm It will be the end of the week tomorrow, and as proposed by Finance Minister Lim Guan Eng, the government will announce the new mechanism on retail prices for fuel prices tomorrow.In a report by The Star, Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Seri Saifuddin Nasution Ismail said the Cabinet has reached a decision on the mechanism on fuel prices in Malaysia.“The Cabinet met on Wednesday to discuss the matter and have reached a decision. It (the price of fuel) will be announced tomorrow (Friday),” Datuk Seri Saifuddin said in a press conference.Early last week, the Ministry of Finance (MoF) proposed to lower fuel prices starting from January 1st thanks to the downward trend of crude oil prices. The ministry also proposed a weekly float system, so that consumers can enjoy the savings sooner. The Finance Minister also dismissed allegations that the government had been imposing a sales tax on fuel, but in fact, had still been subsidizing prices of RON 95 and diesel fuel in November. Screenshot from The StarTV, dated January 2nd 2019 PDAM also met with PM Tun Dr Mahathir Mohamed to seek approval to raise their sales commission from 12 sen per litre to 15 sen per litre for both types of petroleum products.MoF has also proposed to cap the price of RON 95 petrol to RM2.20 should there be an increase in global crude oil prices.This price cap is however only temporary until the government has put the targeted fuel subsidy mechanism in place, where trials are scheduled to begin in March. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Fuel Price
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Fuel Price Update: 7 Sen Drop For Petrol, 6 Sen Drop For Diesel Auto News Eric | June 14, 2017 From 14 June till 21 June 2017, motorists in Malaysia will be able to enjoy cheaper petrol and diesel.New prices below: RON95 - RM1.98 (down 7 sen ...
Fuel Price Update: June 2017 Week 4 Auto News Eric | June 21, 2017 From 21 June till 28 June 2017, motorists in Malaysia will be able to enjoy slightly cheaper petrol and diesel.New prices below: RON95 - RM1.91 (down ...
Fuel Price Update: 2 Sen Drop For Petrol, 4 Sen Drop For Diesel Auto News Eric | June 28, 2017 From 29 June till 5 July 2017, drivers in Malaysia are expected to pay slightly less for petrol and diesel.New prices below: RON95 - RM1.89 (down 2 ...
Fuel Price: 13-19 July 2017 - Petrol And Diesel Increase Auto News Eric | July 12, 2017 The Ministry of Domestic Trade, Cooperatives, and Consumerism (KPDNKK) has just announced the latest fuel prices for next week. Drivers in Malaysia ...