#petrol

PARLIAMENT | Putrajaya can increase cash handouts or cap prices, but both options are problematic.

This comes after fuel prices reached a record high under the weekly-price system last Thursday.

UPDATED 6.05PM | New prices to be announced every week, instead of once a month.

Every parliamentary constituency will get the boon for a year, says FT BN Youth chief Mohd Razlan.

MP SPEAKS | With no more subsidies, freeing pump prices to market forces is long overdue.

He says an option is to allow oil players to decide fuel prices with a ceiling set by the gov't.

UPDATED 5PM | Shell Malaysia however denies reports claiming that all its petrol stations have ceased operation.

UPDATED 2.50PM | He wants Rahman Dahlan to state if the expected increase in income from crude oil will be used for subsidies.

RM142m in taxes will be collected this month to cover for gov't subsidies, claims Rafizi.