Price of RON 95 at RM1.80 from Tuesday
KUALA LUMPUR: The newly introduced RON 95 fuel is now priced at RM1.80 - five sen higher than the previous RM1.75.
Meanwhile, RON 97 is upgraded as a premium product and has gone up to RM2.05 from RM1.80.
Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the new prices were decided based on the current method of Automatic Pricing Mechanism (APM).
“Although the price is now 5 sen higher, the Government is still subsidising 33.81 sen per litre (of RON 95) which is equivalent to RM304mil monthly,” he told reporters after the launch of Primax 95 by Petronas here on Monday.
Currently, the Government is subsidising RON 97 by 42.72 sen per litre.
The cost for RON 95 went up 102% from USD$ 40.75 per barrel to USD$ 82.30 in December last year and August respectively.
Source: - The Star
My comment
The petrol price is rising up high every year. This will affect other stuff as well such as home groceries, fresh market price, public transportation, and some non-related item (like roti canai and teh tarik, maybe they did put some petrol in it). This is a common phenomenon in Malaysia.
There is alternative to this problem. Some Malaysian people use the Light Railway Transit system (LRT) or other city transit that relies solely on electricity to go places. Yet many people love to use cars to work as it provide more road safety for its driver compare to riding motorbike which can relate to many problems.
There is alternative to this problem. Some Malaysian people use the Light Railway Transit system (LRT) or other city transit that relies solely on electricity to go places. Yet many people love to use cars to work as it provide more road safety for its driver compare to riding motorbike which can relate to many problems.
Article 2
AAM Chairman Yang Mulia Tunku Mudzafar Tunku Mustapha said Government funding that is being channeled to deserving parties via the newly established Motorsports Association of Malaysia (MAM), a body under the auspices of the Motorsports Commission of Malaysia (MCM), would inject a much needed financial boost to the sport particularly at the grassroots level.
“Funding, or the lack of it, has always been a central issue in developing motorsports, initiatives that could not be viably sustained by a non-profit organization like AAM with the absence of Government financial assistance. Now that a proper channel for the disbursement of a substantial amount of funds has been established by the Government, we are optimistic of the sport developing further especially at the grassroots level,” said Tunku Mudzafar.
Under the new structure, MCM will distribute Government funding for development projects and manage other aspects of commercial development in the motor sport industry but all applications and the evaluation process will be done by MAM.
OFFICIAL STATEMENT FROM
AAM CHAIRMAN Y.M. TUNKU DATUK MUDZAFFAR BIN TUNKU MUSTAPHA
Source: -The AAM Website
My comment
The government funding did it job by helping the local motorsports industry to grow. Which can lead to local R&D so we don’t left out in the automotive industry. As we know the world car manufacturers already invented the electric cars, so I hope that Malaysia car maker will take another big step in making the first local electric car, since the electricity is renewable. It may move at decent speed for a start, but I’m sure that it will make a very fast progression after that. Producing this kind of cars might not stop the CO2 emission but at least it will reduce it.
2 comments:
The petrol price is rising up high every year.if petrol become to high that means that effect to socienty and goverment. I hope the petrol price next years become low price..
Peace be upon you my dear friend. I agree with you on this. But it seems that the oil price will not drop anymore since the introduction of the new RON95 petrol. Thanks for your comment.
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