Prime Minister Najib Abdul Razak guaranteed today that the government will not be increasing the price of subsidised fuel RON 95 amid escalated global oil prices, for now. Oil prices are expected to shoot up to its highest levels following violent clashes in Libya and tensions in other countries in the Middle East, which could interrupt crude oil exports. “We are monitoring the situation but at the moment there is no plan for us to increase oil prices,” Najib told reporters after chairing the Umno supreme council meeting today.
The government subsidises the price of RON 95 which is at RM1.90 a litre, while higher grade RON 97 is floated and it was recently increased by 10 sen to RM2.50 a litre.“RM10.3 billion was set aside in the 2010 Budget... as of now the subsidy will stay at that point but we will also consider the burden to the people in whatever decision we make,” he assured. The Middle Eastern and North Africans countries makeup some 40 percent of the global oil production. “Although we have to fork out a huge sum for the subsidy, the most important concern is the high living cost which has to be considered so that inflation does not rise further,” added Najib.
'Indians only need BN'
Meanwhile, on another matter, Najib urged the police to keep a close watch over Human Rights Party's (HRP) planned protest against the use of highly criticised literature textbook Interlok, on Sunday. Indian NGOs and various civil society groups have insisted that the novel should be withdrawn from schools as its contents were consider demeaning to the community. “The police have to monitor the situation so that the banned movement, Hindraf (Hindu Rights Action Force) does not reappear as a stronger organisation,” he said. The needs and concerns of the Indian community is being taken care off, said Najib, adding that “they no longer need Hindraf, they only need BN”.
Source : http://www.malaysiakini.com/news/157077
The government subsidises the price of RON 95 which is at RM1.90 a litre, while higher grade RON 97 is floated and it was recently increased by 10 sen to RM2.50 a litre.“RM10.3 billion was set aside in the 2010 Budget... as of now the subsidy will stay at that point but we will also consider the burden to the people in whatever decision we make,” he assured. The Middle Eastern and North Africans countries makeup some 40 percent of the global oil production. “Although we have to fork out a huge sum for the subsidy, the most important concern is the high living cost which has to be considered so that inflation does not rise further,” added Najib.
'Indians only need BN'
Meanwhile, on another matter, Najib urged the police to keep a close watch over Human Rights Party's (HRP) planned protest against the use of highly criticised literature textbook Interlok, on Sunday. Indian NGOs and various civil society groups have insisted that the novel should be withdrawn from schools as its contents were consider demeaning to the community. “The police have to monitor the situation so that the banned movement, Hindraf (Hindu Rights Action Force) does not reappear as a stronger organisation,” he said. The needs and concerns of the Indian community is being taken care off, said Najib, adding that “they no longer need Hindraf, they only need BN”.
Source : http://www.malaysiakini.com/news/157077
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