JOHOR BARU: There will be no further cut in fuel prices for the moment.
Domestic Trade and Consumer Affairs Ministry secretary-general Datuk Mohd Zain Mohd Dom, who said this, added that the ministry would only consider reducing the price of petrol if fuel dropped below US$40 (RM144) per barrel.
Mohd Zain said that at present, fuel ranged between US$43 to US$44 (RM155-RM158) per barrel according to last month’s price averages.
“We are monitoring the situation but, so far, there will be no reduction in petrol prices,” he said.
There have been calls for the price of petrol to be reduced further, with the latest coming from MCA information and communication bureau chief Lee Wei Kiat, who asked for natural gas, electricity and petrol price reductions.
Last June, the government raised petrol prices by 78 sen, from RM1.92 to RM2.70 following the skyrocketing price of fuel worldwide.
Since then, the government has gradually reduced the price of fuel seven times to the present RM1.80.
On a separate matter, Mohd Zain said that the ministry also had no plans to increase the price of sugar at the moment.
He said that sugar manufacturers had given the ministry their word that they would not impose any increase without the prior permission of the ministry.
Mohd Zain said that the ministry was also in talks with the Finance Ministry to consider absorbing possible losses faced by sugar manufacturers to ensure that sugar production was not affected.
“So far, there is no decision to increase the price of sugar,” he confirmed.
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Circular No 107/2012: 4th LAWASIA Family Law Conference, Penang (13 and 14 July 2012)
