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On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
Diesel price in Malaysia jumped by more than 50% on Monday as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgits annually. The ...
New Economic Model. On 2 May 2009, Prime Minister Najib Razak announced the government's plan to develop a new economic model that will speed Malaysia's transition to a high income country. The plan will emphasise ways to increase the income and productivity of workers by encouraging knowledge industries and increasing investment from overseas.
Prime Minister Najib announced cuts in the subsidies for vehicle fuel, sugar, and gas for cooking that took effect on midnight 15 July 2010. [2]RON95 and RON97 grades of petrol was subject to a price increase of RM0.05 per litre resulting in prices of RM1.85 and 2.10 per litre respectively.
Reasons for banning the further sale of fossil fuel vehicles include: reducing health risks from pollution particulates, notably diesel PM10s, and other emissions, notably nitrogen oxides; [8] meeting national greenhouse gas, such as CO 2, targets under international agreements such as the Kyoto Protocol and the Paris Agreement; or energy independence.
The average price of a litre of the fuel at UK forecourts on Tuesday was 135.7p, the RAC said. Petrol prices reached a record high of 191.5p per litre in the summer of 2022 following Russia’s ...
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
A PETRONAS petrol station at km 54, Karak-Kuala Lumpur Highway. Involved in the distribution and sale of finished petroleum products and operations of service stations for the domestic market. The company has over 800 petrol stations around Malaysia as of July 2007, [90] and further increased to 870 stations in January 2008. [91]