Tuesday, January 4, 2011

Industry sources: RON 97 petrol to cost 10 sen more per litre

KUALA LUMPUR: The price of RON 97 petrol will go up by 10sen to RM2.40 a litre on Wednesday, according to industry sources.
The price of RON95 will, however, remain at RM1.90 sen per litre.
The sources said the increase was inevitable following the rising crude oil prices recently.
Crude oil was hovering just below US$92 a barrel on Tuesday in Asia - a near two-year high - as a stock market rally to start 2011 boosted trade optimism.
A petrol kiosk operator at Jalan Universiti in Petaling Jaya told The Star that he received a confirmation from his supplying petrol company about 9pm Tuesday.
"We in the process of updating the prices at my station, which will take effect at midnight," he added.

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