Monday, June 09, 2008

Shahrir: Decision is final

Kuala Lumpur:

The Government has rejected calls to reconsider a sharp rise in petrol and diesel prices, Friday.
"No," Domestic Trade Minister Shahrir Samad told reporters when asked if the Government would bring fuel prices back to their earlier level. He shrugged off street protests, saying "groups will take advantage of the situation".

"I don't think there is going to be a political backlash because in the end there are other aspects of the overall programme that we are giving back to the people."

"I believe that it's not the intention of the government to reduce the subsidies any further, most likely the price will remain at the 2.70 ringgit level." He also does not expect fuel prices to rise any further.