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Fuel price increase
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<blockquote data-quote="solo" data-source="post: 440676" data-attributes="member: 18358"><p>It will be something along the lines of what Datuk Idris Jala and Pemandu worked out:- </p><p></p><p> * Current 2010 Price – RM1.80 per liter RON95</p><p> * Q3/Q4 2010 Price Hike – RM1.95 per liter RON95</p><p> * 2011 Price Hike – RM2.16 per liter RON95 (broken into 2 hikes, once per 6 months)</p><p> * 2012 Price Hike – RM2.20 per liter RON95</p><p> * 2013 Price Hike – RM2.34 per liter RON95</p><p> * 2014 Price Hike – RM2.52 per liter RON95</p><p> * 2015 Price Hike – RM2.60 per liter RON95</p><p></p><p>The price for RON97 is floated and determined by the Automatic Pricing Mechanism (which no one knows how it operates). My guess is the price is adjusted every half-yearly.</p><p></p><p>The subsidy reduction for other subsidised products - your guess is as good as mine.</p><p></p><p>Salut</p></blockquote><p></p>
[QUOTE="solo, post: 440676, member: 18358"] It will be something along the lines of what Datuk Idris Jala and Pemandu worked out:- * Current 2010 Price – RM1.80 per liter RON95 * Q3/Q4 2010 Price Hike – RM1.95 per liter RON95 * 2011 Price Hike – RM2.16 per liter RON95 (broken into 2 hikes, once per 6 months) * 2012 Price Hike – RM2.20 per liter RON95 * 2013 Price Hike – RM2.34 per liter RON95 * 2014 Price Hike – RM2.52 per liter RON95 * 2015 Price Hike – RM2.60 per liter RON95 The price for RON97 is floated and determined by the Automatic Pricing Mechanism (which no one knows how it operates). My guess is the price is adjusted every half-yearly. The subsidy reduction for other subsidised products - your guess is as good as mine. Salut [/QUOTE]
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