Monday, April 16, 2012

GOVT 'CAN MAINTAIN PETROL PRICE' - MINISTER

BERA: Prices of most consumer goods can be maintained as the government has increased fuel subsidies and enforced laws to stop profiteering, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.

While other countries had increased petrol prices, Ismail said Malaysia had added the subsidy for RON 95 to maintain its price at RM1.90 per litre.

He said the government had never imposed a sales tax on RON 95, which was estimated to be 58 sen per litre.

"No other country can maintain fuel prices like us, including China and Indonesia. The latter's decision to increase petrol prices recently even resulted in riots," he said after the simultaneous opening of Bera Umno branches' meetings by party supreme council member Datuk Seri Mohd Ali Rustam here yesterday.

Ismail said the price of RON 95 petrol was cheaper than that in Thailand (RM4.71), the Philippines (RM5.85), Singapore (RM5.48) and Indonesia (RM3.08).

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