Fuel price increase July 2010

Today, we are heading to another bad time as the Government decided to remove subsidy for RON97 which is widely used by the people of Malaysia. Below are the exact news. Courtesy from the star

http://thestar.com.my/news/story.asp?file=/2010/7/15/nation/20100715185830&sec=nation

The price of sugar will go up 25sen to RM1.75 per kg; LPG will go up 10sen to RM1.85 per kg; petrol RON95 will be up 5sen to RM1.85 per litre and diesel will be up 5sen to RM1.75 per litre.

RON 97 will no longer be subsidised. It will be subjected to a managed float, where the price will be determined by the automatic pricing mechanism, the statement said.

I personally feels this is an efficiency in the Government departments and corruption that causes our beloved Nation to face this issue.