Economic Calendar

Monday, November 10, 2008

Malaysia May Cut Fuel Prices Twice This Month, Times Reports

Share this history on :

By Soraya Permatasari

Nov. 10 (Bloomberg) -- Malaysia may cut gasoline prices twice this month as crude oil prices continue to decline, the New Straits Times reported, citing a minister.

The government will probably lower gasoline prices over the weekend and another reduction may come by the end of the month, the newspaper reported, citing Domestic Trade and Consumer Affairs Minister Shahrir Abdul Samad.

Malaysia's government has cut gasoline and diesel prices four times since it raised the prices June, the report said.

To contact the reporter on this story: Soraya Permatasari in Kuala Lumpur at soraya@bloomberg.net




No comments: