Tan Wu Meng on revision of petrol prices

March 2020

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Tan Wu Meng on revision of petrol prices

(Updated: )

The downward revision of petrol prices is faster compared with the upward revision. Senior Parliamentary Secretary for Trade and Industry Tan Wu Meng said this in Parliament on Wednesday (Mar 25) in reply to an MP’s questions. "If you look at the amount of time it takes, actually it takes a little bit longer for the price pass-through to go through completely when it is upwards. So, the prices take longer to go up,” he said.

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