The worst has yet to come. Brace yourself folks, as the petrol price which was increased by 40% since midnight yesterday might not be the end of it..
Pak Lah said the new prices will be 30sen per litre discount from market prices. In other words, if the market price is RM3 per litre, Malaysians will be charged RM2.70 at the pump. The government will make the adjustments monthly.
Regarding the cash rebates, it will be given to owners of cars and motorcycles, based on engine capacity, through post offices from July 1.
These rebates will be given to owners of vehicles with road tax renewed between April 1st this year and March 31st next year. Those who have already paid their road tax should produce their vehicle registration details at a post office and Pos Malaysia will issue them a money order. Vehicles with large engine capacities will be levied a lower road tax from June 1.
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