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M'sian petrol, diesel prices up by 9-10%

Move in line with budget deficit target and push for fiscal reform

Howls of outrage: The price hikes are likely to have a one-off inflationary impact this month; it could pose a slight drag on the economy by curbing consumer spending and hit business activity.

[KUALA LUMPUR] PUTRAJAYA raised petrol and diesel prices by between 9 and 10 per cent late on Wednesday, eliciting howls of outrage from both sides of the political divide amid fears of yet another inflationary spiral.

The move, made to ensure that the government would meet its stated...

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