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Message: <blockquote data-quote="keithkeat" data-source="post: 669285" data-attributes="member: 8243"><p><strong><span style="font-size: 12px">Petrol prices may very well go up again</span></strong></p><p><strong><span style="font-size: 12px"></span></strong></p><p><strong><span style="font-size: 12px">KUALA LUMPUR: The Prime Minister has given a broad hint that the retail price of petrol could be revised because of the high price of crude oil. </span></strong></p><p></p><p>“<strong><span style="font-size: 12px">We have to make preparations, and if they are tough and a little terrible, we all have to be patient,” Datuk Seri Abdullah Ahmad Badawi said when asked whether the Government would increase petrol prices. </span></strong></p><p></p><p>He was speaking to reporters at the end of his visit to the Integrity Institute of Malaysia here yesterday. </p><p></p><p>Petrol prices went up by 10 sen a litre last month. </p><p></p><p>Abdullah, who is also Finance Minister, said the Government would also have to review this year’s economic forecast. </p><p></p><p>“We have to make new forecasts which take into account the high price of petroleum,” he said. </p><p></p><p>Bank Negara had earlier forecast that the Gross Domestic Product this year would be between 5% and 6%. </p><p></p><p>Asked whether petroleum subsidies would be removed, he said that was not something which was impossible. </p><p></p><p>He said action was necessary as the price of petroleum was very high now. The price of crude oil surged to a record US$60 (RM228) plus per barrel on June 20.</p></blockquote><p></p>

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