NO Raise in Malysia
by admin on May.26, 2008, under Business
Abdul Samad said that the government is focusing on the management support system to prevent any infiltration or smuggling of oil and is currently studying how it could be the management system of government support aimed at encouraging savings and making sure not suffered damage to the local economy.
He stressed in his speech, reported by the Kuwaiti news agency “KUNA” that the government of the idea being to raise the prices of fuel and diesel, despite the awareness of the impact of higher oil prices on the world market, explaining that the current rise of oil prices and attained the level of $ 135 a barrel, put the government under great pressure in the management Support system.
A Abdessemed disclosed that Malaysian Prime Minister Abdullah Ahmad Badawi announced the organization of commodity prices supported throughout the country shortly confirming that the reason behind this regulation is due to the difference in the prices of subsidized commodities.
