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Monday, February 27, 2017

Najib: Saudi oil price up by 50pct, but M'sians fuss over 20sen hike



Saudi Arabia, an oil-rich country, increased oil price by 50 percent, yet Malaysians are complaining over 20 sen hikes, Prime Minister Najib Abdul Razak said.
"I want to tell you, oil price in Saudi Arabia increased by 50 percent.
"Here, we make a fuss over an increase of 10 sen to 20 sen," Najib told new homeowners of Residensi Kerinchi, an new apartment for those who were relocated from the now demolished Kerinchi flats in Kuala Lumpur.
Najib said he was raising this so that people would not be confused.
"Don't try to confuse and incite the people because every measure the government takes is our (country's) long- and short-term interests," he said.
The prime minister was relating his discussions with Saudi officials.
King Salman Abdulaziz Al Saud of Saudi Arabia began his four-day state visit to Malaysia yesterday.

Najib's Facebook page was earlier this month inundated with "20 sen" comments after the retail price for RON95 increased by 20 sen to RM2.30 per litre.
The retail price for RON97 and diesel went up by 20 sen and 10 sen respectively to RM2.60 and RM2.15 per litre.
Saudi Arabia in 2016 increased the per litre retail price for RON95 from 0.6 riyals (71sen) to 0.9 riyals (RM1.07), a 50 percent hike.- Mkini

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