Good news! Petrol price will be drop started this September 1st - follow an average monthly market price of crude oil. How much do you expect the price will drop?

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source: Malaysiakini

Quote:

Effective Sept 1, the retail price of petrol will be streamlined and based on the average monthly market price of world crude oil with the government maintaining the subsidy rate at 30 sen per litre, said Prime Minister Abdullah Ahmad Badawi today.

Singapore already reduced the fuel price a few times. Read here

But, still no news for prices of other goods that have increase recently (foods, bus fare etc).

Update:

Petrol price decrease to RM2.55/ltr