The cutting of blanket diesel subsidies has increased the cost of construction materials like quarry products and ready-mix concrete, indirectly affecting the industry, as the majority of construction contracts are fixed-price lump sums, said MBAM and PKBM in a joint statement on Thursday.
It clarified “that as a property developer, our operations, including those of our contractors, have only been utilising diesel fuel at a commercial rate.
KUALA LUMPUR (Aug 4): The fuel prices of RON95, RON97, and diesel for Aug 5 to 11 have remained unchanged from last week, the Ministry of Finance announced today.
PETALING JAYA (Nov 13): The prices of RON97, RON95 and diesel will go up from Nov 14 to Nov 20.
PETALING JAYA (June 10): Petrol dealers say they are unaware of the Domestic Trade and Consumer Affairs Ministry‘s decision in revoking the price control order that set a price ceiling for RON95 petrol and diesel, the Malaysian Reserve reported today.
KUALA LUMPUR (March 13): Petrol prices at the pump continue to drop from midnight until March 20, in line with cheaper crude prices.
KUALA LUMPUR (March 6): All fuel prices will be significantly reduced, the Ministry of Finance has announced today.
PETALING JAYA (Feb 14): The price of both RON95 and RON97 will go up by two sen from RM2.
PETALING JAYA (Feb 14): Fuel prices will be going up from tomorrow.
KUALA LUMPUR (Feb 7): Retail fuel prices for RON95 and diesel, which have been capped at RM2.
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