Cheap Oil Price Era Is Over, Says Najib

Deputy Prime Minister Datuk Seri Najib Tun Razak said the era of cheap oil prices is over and the people should accept the fact that petroleum prices would continue to rise.

“In other words, the cheap oil price era has ended. This is the reality that Malaysians and the world as a whole must accept.”

“We can no longer hide from the fact that the price of oil would continue to rise and the era of cheap oil price is over,” he said at a special briefing on the oil price hike for staff of the Ministry of Information at the Angkasapuri Auditorium Wednesday night.

Bernama