Petrol Price Rise by 41 Percentage Point
Wednesday, 4th June 2008
Prime Minister Abdullah Ahmad Badawi announced that petrol prices would rise 41 percent to 2.70 ringgit a litre and diesel 63 percent to 2.58 Ringgit. Electrical power tariffs would go up by as much 26 percent and inflation may skyrocket. The Malaysian government decide on 3 June 2008 to revamped its old subsidy system. Malaysian Prime Minister Abdullah Ahmad Badawi is risking a political backlash after losing ground in elections in the past year. Oppositions Parties pledged to rally the nation's poor in nationwide protests.