World Oil Prices Decline upon Low U.S. Interest Rates
27.03.2012The cost of oil upon universe commodity exchanges was descending Tuesday morning as a head of a U.S. Federal Reserve commented which a establishment would keep a seductiveness rate pegged low.
The cost of a May futures stipulate for WTI light sweet crude in electronic trade upon Nymex was down 14 cents to $ 106.89 a barrel by 8:15 Moscow time. The cost of a May futures stipulate for North Sea Brent mix was off 20 cents to $ 125.45 in London.
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RON95 motor fuel funding up 10sen in March; siphon cost stays during RM1.90
BY ZUHRIN AZAM AHMAD
PUTRAJAYA: Global rise in oil prices has pushed up a funding for RON95 motor fuel by 10sen to RM1.03 per litre in March, said Domestic Trade, Cooperatives andConsumerism Minister Datuk Seri Ismail Sabri Yaakobon Tuesday.
The siphon cost of RON95 will remain during RM1.90 per litre.
"Since a universe cost of petroleum has increased, a supervision had to enlarge a funding to ensure a people are not impeded by a side effects," he said here Tuesday.
The final time a RON95 cost was reviewed was in Dec when a siphon cost was raised from RM1.85 per litre to RM1.90.
Prime Minister Najib Tun Razakpromised in late Feb which a cost of RON95, widely used by motorists, would be confirmed for a nearby future despite mountainous global oil prices.
P! osted by Dian
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