JOHOR BARU, Nov 9 — The price of fuel may be further reduced in the middle of November, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said today.
The downward trend of world crude oil prices enabled fuel prices at pump stations to be reduced, he told reporters after attending a corporate social responsibility programme hosted by Malaysian Resources Corporation Berhad at Sekolah Kebangsaan Tebrau Bakar Batu here.
He said that in October, the oil price was initially between US$74 and US$77 per barrel but in the last eight days of the month, it dropped to US$70.
Presently, the average price of oil was at US$70 and the futures market also showed that in December, the price would be below US$70, he added.
The price of RON97 petrol is presently at RM2.15, RON92 petrol at RM2.05 and diesel at RM2.05 per litre after a series of adjustment on Aug 23, Sept 24, Oct 15 and Nov 1.
On the price of fuel for light aircraft, Shahrir said it was not controlled by the government. It had risen from RM6.20 per litre to RM9.53 in Kuala Lumpur and RM9.80 in Langkawi because of a supply shortage, he said.
The fuel was imported from the United States, Australia and Thailand, he explained, and the price was determined by the supplier.
The increase was expected to be temporary and would return to normal soon, he added.
He said the government might look into the possibility of allowing other parties besides Petronas to sell such fuel.
He said the government might look into the possibility of allowing other parties besides Petronas to sell such fuel.
It was reported that flight schools and private aircraft owners were complaining that the fuel price in Malaysia was markedly different from that in Singapore, where it was priced at S$2.61 (RM6) per litre. – Bernama
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