The spectre of political control is once again haunting India’s fuel retailers and those who bankrolled them, denting the profits of oil companies, hurting in particular private operators Reliance and Nayara Energy
Wednesday, 17 Mar 2021 06:59 PM MYT
BY R. LOHESWAR
Under the Permerkasa economic recovery programme the maximum price for petrol and diesel will be set at RM2.05/L and RM2.15/L. ― Picture by Hari Anggara
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KUALA LUMPUR, Mar 17 The maximum price for petrol and diesel will be set at RM2.05/L and RM2.15/L, respectively under the new economic recovery programme dubbed Pemerkasa.
Prime Minister Tan Sri Muhyiddin Yassin said the move was necessary as global oil prices are expected to rise again soon.
“We are fixing the RON95 petrol price at a ceiling price of RM2.05 per litre and diesel at RM2.15 per litre as based on current trends, oil prices are expected to increase worldwide.