January 31 2011
KUALA LUMPUR, Jan 31 (Bernama) -- The price of RON97 petrol will rise 10 sen to RM2.50 per litre effective midnight tonight, said the deputy president of the Petrol Dealers Association of Malaysia (PDAM) Datuk Zulkifli Mokti.
He said the increase was due to the rise in the price of crude oil to USD105.00 per drum this week compared with USD100.00 previously.
"The consumption of crude oil in the United States and Europe rose significantly due to the extremely cold weather there which had raised fear about the shortage of crude oil," he said when contacted by Bernama tonight.
Zulkifli said the price of world crude oil would drop again as soon as the summer season arrived in June and the petrol price would remain stable then.
On Jan 4, the price of RON97, which was floated according to the prevailing oil market price, rose 10 sen to RM2.40 per litre.
-- BERNAMA
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