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Floating mechanism to manage fuel prices
Published:  Nov 22, 2008 3:00 PM
Updated: 8:21 AM

The country is set to adopt a managed floating mechanism to fix petrol and diesel prices. The mechanism is expected to be implemented after the National Economic Council meets on Dec 1.

According to Bernama, Domestic Trade and Consumer Affairs Minister Shahrir Abdul Samad said the mechanism would fine-tune the existing price managing system in the country to more effectively deal with fluctuating world crude oil prices.

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