Prices of fuel, sugar higher now

July 16, 2010, Friday

RON 95, diesel 5 sen more per litre; sugar 25 sen and LPG 10 sen more per kg

KUCHING: The blogsphere was all wired up as early as 7.30pm yesterday on a raise in the prices of petrol, diesel, sugar and liquefied petroleum gas (LPG).

Prime Minister: Datuk Seri Najib Tun Razak

Big name news portals with Kuala Lumpur datelines did not quote anyone but they were saying that all items would be selling higher after midnight.

A litre of RON 95 and diesel would sell 5 sen higher while a kilogramme of sugar would go up by 25 sen and LPG 10 sen.

RON97, meanwhile, would no longer be subsidised but would be subjected to a managed float, meaning the price would be determined by the automatic pricing mechanism.

According to the reports, prices after midnight (last night) would be: RON 95, RM1.85 per litre; diesel, RM1.75 per litre; sugar, RM1.90 per kg; and LPG, RM1.85 per kg.

The new LPG prices would be: RM25.90 from the previous RM24.50 for the 14kg cylinder, which is an increase of RM1.40; RM22.20 from the previous RM21 for the 12kg cylinder, which is an increase of RM1.20; and RM18.50 from the previous RM17.50 for the 10kg cylinder, an increase of RM1.

Meanwhile, an online national paper report quoted Prime Minister Datuk Seri Najib Tun Razak as saying yesterday that the government had to cut subsidies but with minimum impact on the people.

On May 27, Minister in the Prime Minister’s Department Datuk Seri Idris Jala was reported to have said that Malaysia could go bankrupt if the government did not reduce subsidies while continuing to depend on loans.

Idris warned that Malaysia’s debt would increase to 100 per cent of its GDP by 2019 from the current 54 per cent if subsidies were not cut.

sumber: http://www.theborneopost.com/?p=48833