The government will announce the new fuel price on August 31, which will take effect on September 1, Prime Minister Datuk Seri Abdullah Ahmad Badawi said yesterday.
He said new price would be based on the averaqge fuel prices through the month of August and after deducting the 30 cents subsidy per litre.
However if the international fuel price goes higher, the current pump price will be maintain.
The government increased the price of petrol to RM2.70 per litre and diesel, to RM2.58 per litre in June this year.
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