The price of petrol will gradually increased starting this year

In the past few days, it was reported that government will reducing subsidy gradually starting from this year.

According to Malaysiakini, the government could hike petrol prices by an initial 15 sen per litre from their current price at some stage this year under plans presented by a body advising the government on how to cut subsidies.

The benchmark RON 95 grade currently costs RM1.80 per litre.The proposals were made in a public presentation on today to win over voters to accepting higher prices as Malaysia seeks to reduce its budget deficit which stood at a 20-year high of 7 percent of gross domestic product in 2009.

Under the proposals presented by the advisory body, the price of petrol would be hiked some time this year followed by two price hikes totalling 20 sen per litre in 2011 and two more of 20 sen per litre in 2012.

In 2013-2015, the price hikes would slow and by the end of 2015, the price of RON95 would stand at RM2.60 per litre, according to the plans that have yet to be approved by the government.

The forecasts were based on a crude oil price forecast of US$73.06 per barrel for 2011 and US$79.41-US$94.52 for 2013-2015.

Oil Prices Continues to Rise

Oil prices climbed toward US$86 dollars a barrel in Asia Trade on Monday, reflecting optimism in a global economic recovery.



New York's light sweet crude for delivery in May was up 77 cents to US$85.64 a barrel. New York crude briefly traded above US$85 last week, its highest level since October 2008, report news agencies in Singapore.

Brent North Sea crude for May rose 59 cents to US$84.60 a barrel.

Antara Yang Dah Naik dan Akan Naik

Insuran kenderaan motor telah dinaikkan bermula awal bulan Jun 2009. Ramai jiran teman yang mengeluh bila insuran motor "third party" dah sama macam first party all riders. Kereta berusia 1o tahun ke atas susah untuk diinsurankan kerana banyak pembekal perkhidmatan tidak mahu memberikan pelindungan.

Bulan Ogos ni tambang bas, teksi dan bas sekolah akan naik.

Bulan September harga minyak akan jadi RM2.00 sebab dah diperkenalkan minyak RON 95.

Harga air di Selangor,Putrajaya dan KL akan naik 30 % kalau kerajaan negeri Selangor gagal untuk ambil alih konsesi disamping penamatan pemberian percuma 20 m3 air.

Elektrik juga akan naik dalam masa terdekat- tunggu kabinet luluskan jer ..