Imagine a firm acting like a strict parent, setting all the rules and watching the clock
The pump price of gasoline was fixed at 2.55 ringgit (0.77 dollars) per litre down from 2.70 ringgit. Diesel prices have been reduced from 2.58 ringgit to 2.50 ringgit per litre.
Prime Minister Abdullah Ahmad Badawi made the announcement late Friday, saying the move would help curb inflation, which rose to a decade-high of 8.5 per cent in July.
"The government hopes that the reduction in gasoline and diesel prices will help to ease consumers' burden as well as ease inflationary pressure," Abdullah said in a statement.
With the reduction, the government is giving a public subsidy of 30 sen (0.3 ringgit or 0.09 dollars) per liter on gasoline and of 50 sen on diesel, he said.
The announcement came as a surprise as Abdullah said recently that pump prices would be reduced only at the end of the month, and only if global crude oil prices continued to fall.
In June, the government raised petrol prices by a whopping 41 per cent and diesel prices by 63 per cent, saying the move was aimed towards easing the country's massive subsidy bill.
Despite the raise, fuel prices in Malaysia have remained among the lowest in the region.
Saturday's lowered prices come ahead of a parliamentary by-election on Tuesday in which Abdullah's ruling coalition faces opposition leader Anwar Ibrahim, who is expected to win easily.
Anwar's three-party opposition alliance made major gains in the March 8 general elections by winning 82 of Parliament's 222 seats and taking control of five out of Malaysia's 13 states. Anwar has claimed the opposition is ready to take over government by mid-September.
Imagine a firm acting like a strict parent, setting all the rules and watching the clock
Customising sessions to meet each patient's needs is essential to successful music therapy
Learners just need to bring their own goggles, swimsuit, water – and most importantly the determination to learn, and willingness to clean the beach
Omar Al Marzouqi and cyclist Safiya Al Sayegh were the flag-bearers for the UAE at the opening ceremony
For the first time in Olympic history, the opening ceremony is taking place outside the main stadium
In a social media post, the Ministry of Foreign Affairs urged its citizens to exercise necessary precautions
RM Sotheby’s 2nd auction of cars will be held later this year
The city's public transport system has many strict rules and regulations in place to ensure that everyone can have a safe and enjoyable journey