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Malaysia rules out fuel price hike - report

Sat May 24, 2008 3:03pm IST
 
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KUALA LUMPUR, May 24 (Reuters) - Malaysia has no plans to raise pump prices of petrol and diesel despite soaring crude oil prices, Domestic Trade Minister Shahrir Samad was quoted by news agency Bernama news agency as saying on Saturday.

"At the moment, there are no plans to raise the pump prices of petrol and diesel," he said, adding that the government's focus now was to better manage its fuel subsidy scheme to prevent abuse and deter smuggling.

INDIA ECONOMY

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
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