Minister of Domestic Trade and Consumer Affairs Datuk Shahrir Samad says petrol prices may go down further, and may have hinted at a possible reduction in price sometime before Hari Raya. “Looks like fuel prices are stable and I hope they continue to be so and come down a little so we can celebrate Hari Raya happier,” he said to Bernama at the Bernama Web TV launch yesterday.
He said a reduction is possible as there is a slight downward trend in fuel prices, with crude oil costing US$109 a barrel this week compared to US$115 a barrel two weeks ago.
The government raised fuel prices on the 5th of June this year from RM1.92 per litre to RM2.70 per litre for RON97, RM1.88 per litre to RM2.62 per litre for RON92 and RM1.58 per litre to RM2.581 per litre for diesel fuel
It then dropped it on the 23rd of August 2008 to RM2.55 per litre for RON97, RM2.40 per litre for RON92 and RM2.50 per litre for diesel.