22
Aug
stored in: Money Tips
Great news! 
Petrol price will be coming down tomorrow to RM2.55 from the previous price RM2.70! This will be effective 23 August 2008 so if you are about to pump your car tank, hold on for just one more day!
Unfortunately, I don’t believe this will reduce the inflation rate or the price of goods. All Malaysians know that what goes up never comes down again!
Read the official report here:
KUALA LUMPUR: Malaysia will cut petrol prices by 5.6% to RM2.55 per litre, Prime Minister Datuk Seri Abdullah Ahmad Badawi said in a statement on Aug 22.
Diesel prices will be reduced by 3.1% to RM2.50 per litre, he said.
The new rates will take effect on Aug 23. — Reuters
August 22nd, 2008 at 6:21 pm
Wow this is great news! I never thought it’d come down
August 22nd, 2008 at 6:34 pm
True enough, prices of good only goes up and never comes down!:( Well, at least petrol price will reduce even a lil bit!:P
August 25th, 2008 at 6:44 am
Hi PB – Apparently they will monitor it every 15 days! It will be torture trying to second guess what the new prices will be every 15 days!
Hi Eve – It will take a miracle for prices of goods to drop! But yes, at least the petrol drop is a tiny improvement…for these 15 days!
September 4th, 2008 at 11:21 am
[...] a consumer perspective, hopefully petrol will come down further with the decrease in world oil prices and perhaps inflation. A reduction in prices of [...]