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Recent News and Events: Fuel High Price
Price increases in food, fuel and electricity as well as transport have pushed July's Consumer Price Index (CPI), excluding interest on mortgage bands (CPIX), to an all-time high of 13 percent year-on-year (y/y).
High fuel prices are not only affecting local senior agencies but also school and government budgets.
The increase in fuel prices on June 5 this year led to more people to use public transportation in their daily activities and this trend is expected to continue, according to the Economic Report 2008/2009 released by the Finance Ministry today.
KUALA LUMPUR, Aug 27 (Bernama) -- The government may further reduce the price of fuel according to global oil prices to help the people, said Deputy Domestic Trade and Consumer Affairs Minister Jelaing Mersat.