The new prices for liquefied petroleum gas (LPG) are set to be announced today at the National Economic Council meeting to be chaired by Prime Minister Datuk Seri Najib Tun Razak, Bernama reports.
Domestic Trade, Cooperatives and Consumerism (KPDNKK) minister Datuk Seri Hasan Malek said he will table his ministry’s proposed prices at the meeting.
“We have already met interested parties in the LPG industry, we have met two or three times but no decision has been made on the new LPG prices due to technical problems and because we are putting the people’s best interests first,” the national news agency quoted him as saying.
“We acknowledge that for the last 16 years the LPG prices have never been reviewed, so we had fresh discussions recently to enable the LPG industry to continue to grow,” he said, adding that the new LPG prices will take the government’s subsidy amount, proposals from the public, and the people’s best interests into consideration.
This afternoon’s meeting will decide if the new LPG prices will be higher or lower than at present. A 14 kg cylinder currently sells for RM26.60 (RM1.90 per litre/kg).
LPG, like RON 95 petrol and diesel, will not be subject to the Goods and Services Tax (GST) next month, as announced in Budget 2015.
Looking to sell your car? Sell it with Carro.
Sure goes higher. Now the price too low not many petrol stations want to sell except Petronas
Petronas station sell NGV laa..
LPG gas for cooking..
shame on u black dog
Sure increase. Luckily CNG maintain its price.
Liew Chin Tong (Kluang MP) said about 300,000 singapore cars enter Malaysia daily. Imagine 1 car fill 10 litre before going back.
What gov can do is match pump price in Malaysia to that of Singapore. Add RM3 tax per litre. Ron 95 becomes RM4.95, almost matching SG’s RM5.05 per litre. Don’t worry, singaporeans will still come for our cheap groceries and food.
In a month, Malaysia can collect 9 mil. In a year, about 3.2 bil. We’re halfway through to match the high tax collected on new cars sold in Malaysia. We haven’t factored in Thailand’s car yet where the fuel is equally expensive.
Gov must be creative. Gov must look after the interest of Malaysians, not foreigners.
Sure, it may be an administrative nightmare to implement card based system, but if it means more money in my pocket, I wouldn’t mind sticking my Mykad into that fuel pump every time I fill up my car. Kind of like people avoiding to spend RM100 on SmartTag but would rather queue on the Lorong Tunai to pay their toll.
Dat pic… is misleading
This article is very2 misleading
Automotive use in malaysia is NGV aka CNG which is compressed natural gas (high pressure)
This LPG is not related to the NGV. LPG is liquified natural gas, which in malaysia is used only for cooking and industrial use. No LPG powered cars are allowed in Malaysia to prevent the abuse of LPG subsidies
LPG = Liquified Petroleum Gas.
Agree not to abuse LPG subsidy.