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Wednesday, June 4, 2008

Petrol price increased to RM 2.70 a liter

Prime Minister Datuk Seri Abdullah Ahmad Badawi has announced that the petrol price will goes up up by 78 sen to RM 2.70 a liter from the current RM 1.92. This is a 40% increase.

Diesel price will increase by RM 1 from RM 1.58 to RM 2.58

In order to help the needed, government will give RM 625 annual cash rebate per vehicle for cars with engine capacities up to 2000cc. The RM 625 cash rebate will also be given to pickup trucks and jeeps with engine capacities of up to 2500cc. Motorcycles with engine capacities up to 250cc will receive RM 150 rebate.

Road tax will be reduced by RM 200 for vehicles with engine capacities exceeding 2000cc. Road tax for motorcycle with engine capacities above 250cc will be reduced by RM 50.


  1. gov olredi taxed us heavily on cars. now the petrol is so expensive. owning a car in malaysia is really difficult.

  2. i dun mind to pay RM 2.70/liter if i can buy the new Accord at RM 80K. The 60K taxed can be used to fill petrol for many many years.

  3. accord at RM 80K, i pun nak beli.

  4. Rally in KL to protest fuel price hike

  5. Call for more affordable cars

    The argument is that when a consumer buys a car, he has already paid in advance (in the form of import duties, excise duties and sales tax) to the Government, an amount greater than the petrol subsidy he can expect to enjoy over the time he owns the car.

    I don't mind paying a higher price for petrol if car prices come down and are determined by market forces.

    We have one of the highest car prices in the world due to high import duties on foreign cars,” an industry observer said

    Malaysians must be given the right to buy the most fuel-efficient car and at competitive world prices without the burden of taxes

    He added that although cars were cheaper in Australia compared with Malaysia – a sports car in Australia is the price of a Proton Persona – traffic congestion was not a problem in the former

  6. Petronas net profit hits record high of RM 61 bil due to world oil price increase but rakyat suffer from high inflation due to high petrol price.

  7. Petronas dividend: Net profit hits record RM61b.

    National oil company Petroliam Nasional Bhd yesterday announced its sixth year of record profits, helped mainly by higher global oil and gas prices.

    Net profit in the year ended March 31, 2008 jumped 31.5 per cent to RM61 billion from RM46.4 billion in 2007.

  8. i just wondering how government will spend the billions RM collected from petronas. Hope the the money will benefit rakyat and not wasted or gone to nowhere.

  9. Anwar has a mechanism to reduce petrol price to RM 2.20

  10. There is a chance the government will reduce the petrol price soon. The matter has been discussed in Cabinet weekly meeting.

    Let's hope and see...


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