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Friday September 27, 2013 MYT 6:05:00 PM
Friday September 27, 2013 MYT 6:48:35 PM
KUALA LUMPUR: Fuel prices will not rise at midnight, according to Datuk Ahmad Maslan.
The Deputy Finance Minister tweeted at 4.25pm Friday; "Saya ingin nafi ada penurunan subsidi RON95 sebanyak 10 sen pada mlm ini. Oleh itu RON95 bersubsidi masih rm2.10 seliter. Harga sebenar 2.73 (I refute there will be a subsidy reduction of RON95 by 10 sen tonight. Therefore, subsidised RON95 is still RM2.10 a litre. Actual price RM2.73)."
An economist also noted that as the fuel price was just recently increased, there was unlikely to be another hike in the near future.
“The adjustment is just too recent,” said Manokaran Mottain, an economist with Alliance Research.
"The people are still in the midst of absorbing it (the fuel price hike)," said Manokaran, who is also the National Economic Action Council (NEAC) director, to Bernama when asked on more fuel subsidy cuts in the near future.
He was responding to social media posts speculating another fuel price increases due to reduction of subsidies - particularly for fuel, resulting in higher RON95 petrol and diesel prices.
Manokaran also said the Fiscal Policy Committee, chaired by Prime Minister Datuk Seri Najib Tun Razak, only convened every six months.
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