[UPDATED VERSION] The Star SMS alert at 10:50pm.
The price of petrol and diesel will be increased by 30 sen per litre, effectively midnight while the price of LPG has been raised by 30 sen per kg.
Click here (currently inaccessible) for the official announcement from the Prime Minister Abdullah Ahmad Badawi on the increment.
KUALA LUMPUR, Feb 27 (Bernama) — The retail price for petroleum products including diesel will be raised by another 30 sen effective Tuesday.
"The government has decided to raise the retail price of petrol and diesel by 30 sen per litre and the price of LPG by 30 sen per kilogram effective tomorrow (Tuesday)," said a statement from the Prime Minister’s Office Monday night.
The increase was to tackle the impact from the increase in the price of crude petroleum in the world market and to curb the increase in subsidy which had to be borne by the government, the statement said.
However, the statement said that the government gave an assurance that there would be no further raise in the retail price of petroleum products this year.
The last time the government raised the retail price of petroleum products was on July 31, 2005 where the price of petrol went up by 10 sen per litre, diesel by 20 sen per litre and LPG by five sen per kilogram.
(SOURCE: BERNAMA, 27 February 2006, 23:14 PM)
What else can we expect if super-optimistic blogger like Wingz also "no eyes see"?
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This issue will definately brings a big impact to the current economic. Who should be blame for this? The price of petrol gone up but our salary still maintain, I wonder how can we survive in current situation..
Such a drastic increment will widen the gap between the rich & poor.