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Thursday, September 13, 2007

Oil prices unchanged until year-end

September 13, 2007 - Prime Minister Abdullah Ahmad Badawi said today domestic petrol prices, will likely remain unchanged at around RM1.92 per liter until year-end. The petrol prices were last raised in February 2006 when world crude oil prices had struck an fresh all-time record high of US$60 a barrel.

"We have not decided whether we want to raise the price or what other action we may wish to take. But we are also mindful of the fact that some time ago we made a statement that we will not increase the price of oil (for) the rest of the year," he said.

"At the same time we are studying very carefully and analyzing how big is the negative impact it may have on the economy."

1 comment:

superbrain said...

so it means the oil prices will be raised next year again ?

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