The retail prices of petrol continued to be adjusted down for the seventh time this year on April 13 in the latest regular review of the Ministry of Industry and Trade and the Ministry of Finance.
The retail prices of petrol were reduced as from 3pm on February 29 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance, making it the fourth consecutive reduction since the beginning of 2020.
The retail prices of petrol were strongly reduced starting 3pm on February 14 in the latest review, the third decrease since the beginning of the year.
The retail prices of petrol were reduced as from 3pm on January 30 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The retail prices of petrol were slightly reduced starting 3.30pm on January 15, in the latest review by the ministries of Industry and Trade, and Finance.
The retail prices of petrol and oil slightly increased from 15:00 on December 31, following the latest price review by the ministries of Industry and Trade, and Finance.
The Malaysian Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has said it will intensify the monitoring of goods prices, especially essential items such as petrol, sugar, wheat flour and cooking oil, during this Christmas season.
A year-on-year drop of 9.6 percent was seen in crude oil exploitation in November this year to 1 million tonnes, according to the Ministry of Industry and Trade.
Ten of the 11 categories of main consumer goods and services have recorded price hikes in October, with the strongest month-on-month increase, 1.04 percent, seen in the food and food services group.
The Steering Committee for Price Management held a meeting in Hanoi on September 27, during which Deputy Prime Minister Vuong Dinh Hue said that if there are no unexpected factors, this year’s inflation can be kept at around 3.3 – 3.5 percent.
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