The ministry of finance (MoF) has revealed it costs the government over RM3 billion a month to subsidise RON 95 petrol at RM1.99 per litre under the Budi95 programme as well as keeping the price of diesel at RM2.15 per litre for vehicles in the public transport and goods land transport sectors.
In a release posted yesterday that included fuel prices for the week of March 19 to 25, the ministry said that although domestic fuel prices are influenced by international price movements, it has chosen not to fully pass on the increase to consumers.
As a result of the ongoing conflict in West Asia, several fuels are now more expensive. RON 97 petrol, which was RM3.85 per litre last week, is now 70 sen dearer at RM4.55 per litre, while the retail price of Euro 5 B10 and B20 diesel is up 80 sen to RM4.72 per litre. Diesel sold in East Malaysia remained at RM2.15 per litre.
RON 95 stayed put at RM1.99 per litre under the Budi95 programme, while the unsubsidised price of the petrol saw no change from last week and continues to sell for RM3.27 per litre. The ministry said both fuels are unchanged in terms of price to ensure the rakyat are not burdened as they prepare to celebrate Hari Raya Aidilfitri.
It added that over 400,000 vehicles from the public transport and goods land transport sectors such as express buses, taxis, lorries and goods trailers benefit from the Subsidised Petrol Control System (SKPS) and Subsidised Diesel Control System (SKDS).
“Although Malaysia is an oil-producing country, petroleum products for domestic use are still sourced from the global market. Therefore, domestic fuel prices remain influenced by international price movements,” the ministry said in its release. “Despite rising global oil prices, fuel prices in Malaysia remain among the lowest in the region due to the government’s efforts to retain part of the subsidies to protect the people and ensure domestic economic stability,” it added.
Looking to sell your car? Sell it with Carro.
two days ago at a petrol station, I saw this poster from KPDN which shows the following RON95 petrol prices in Malaysia & neighbouring countries for comparison.
Malaysia – RM 1.99/L
Singapore – RM 9.47/L
Thailand – RM 5.14/L
Indonesia – RM 3.83/L
Your info is not up to date. Here are the current prices per litre at the time of writing..
Indonesia – RM2.87
Singapore – RM10.14
Thailand – RM5.07
Saudi Arabia – RM2.44
Tel Aviv regime – Who gives a damn!!!
KPDN is just an idiot! Can they compare the convenience of public transport? Can they compare show strong is SD against MYR? When a Singaporean earn SD3000, he can buy an imported TV at SD1000 but a Malaysian that earn MYR3000 has to pay RM3500 for the same TV.
KPDN is the domestic trade ministry in the Malaysian government, and therefore, it is not its business to care about how much does a Singaporean or any other foreigner earns a month, or whether a Singaporean or any other foreigner pays more or less than a Malaysian for an imported TV. It just wants to show that a Malaysian is still paying less for a litre of fuel in Malaysia than in most other countries.
why when last time petrol price go up higher than current the government quiet only no issue. now like roof falling from the sky.
You should have noticed in the news that the governments of other countries, other than just Malaysia, are also being highly vocal about dealing with the increases in fossil fuel prices, because everyone knows that this is a global crisis which was triggered by Israeli & US military attacks on Iran. How is it you don’t know about this?
Stop selling your IC details for cheap petrol. Subsidised RON95 must be freely available to all rakyat without hassle or quotas, even to those Malaysian citizens who drive Singapore registered car, also for expat foreigners who reside in Malaysia pay tax to LHDN and drive local registered car.
u mossad agent who impersonate as fake rakyat Malaysia certainly does not have the genuine IC to enjoy the USD0.51/L price over here, while according to global petrol prices dot com, it costs USD2.35/L in your zionist fake country, and so u can pergi mampuslah!
Despite we are still enjoying RM1.99 for RON95, I think as Malaysian we do our part as well not to drain the government’s coffer till it dries up.
the coffer being drained by b40 , and filled by T20 who paid most taxes.
also most taxes were contributed from some states, and being drained by SG4 states.
just remove the damn subsidy and stop complaining.
PMX but we use only 30%
About 80 of 300 Liters
So U shouldn’t worry
Unrealistic. Many don’t even know where the govt gets the money to do nation building. They only care for cheap fuel prices, you cant reason with the ignorant. Education of how the govt should work and how it actually works is the priority then common sense might follow although not a guarantee. Some will remain pontianak depsite being well informed, only wanting cheap fuel no matter the damage the nation’s budget.
Rather than having cronies n politicians stealing its better this way
its better if the rakyat were allowed to steal 300 liters a month and smuggle the petrol to nusantara songkhla pattani sulu ?
It’s bad for these traitors to smuggle fuel using our subsidies, but it’s even badder for politicians and cronies to steal billions right under our noses.
Immediately implement BudiDiesel diesel quota restriction in Sabah&Sarawak to curb smuggling. Now !!!
cannot , east malaysia will threaten to topple madani govt. its blackmail
better to just evict S&S from the federation then no need to keep on paying for their cheap petrol , cheap diesel , 40% OnG revenuw, some more demanding for more parliament seats, greedy.
Please go ahead. And deny peninsula all of S&S O&G revenue. Let S&S maju when they control all their resources. You think they’ll tolerate Petronas’ nonsense once you evict them ah?
already gave them cheap diesel. cheap budi95 petrol . 40% OnG revenue. and still theose ungrateful stole petronas assets and further demand more parliament seats. their greed knows no bounds .enough is enough. kick them out the same way we did to singapore.
tongkat
The government must remove the ceiling price of 100K for all EVs. If bulk rakyat shift to EVs, the Government don’t need to subsidized so much fuel..on concern for P2, better for the them to JV with Chinese company with existing EVs. Many established auto companies failed to develop EVs. Don’t think P2 should so stubborn to go down the same path now that their first EV is a big flop..