Wednesday, May 25, 2011

#Flash* Govt to maintain prices of RON95 petrol, diesel, LPG

PUTRAJAYA:'' The government has decided to maintain the prices of RON95 petrol, diesel and liquefied petroleum gas for the time being.

Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said on Wednesday, May 25 the decision was made after an in-depth discussion on subsidy rationalisation at the weekly cabinet meeting.

"The decision was made taking into consideration the interest of the people," he told a news conference at his ministry, here.

The government would however continue to study the need for subsidy rationalisations in view of the increase in the prices of oil and gas in the global market.

Asked whether there was any discussion on the time frame for the prices to remain, Ismail Sabri said there was no discussion about time frame. - Bernama

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