According to a report by NST, the government has engaged Petronas and other oil companies to ensure Malaysia’s fuel supply remains sufficient for about a month.
This is to allow the government to sustain the current subsidy mechanism, which enables motorists to purchase RON 95 petrol at a subsidised price of RM1.99 per litre – the unsubsidised price is now at RM3.87 per litre pending today’s fuel price update.
Prime minister Datuk Seri Anwar Ibrahim said fuel pricing remains a key concern and must be managed based on facts and clarity. “Fuel prices is an issue dear to my heart. We have to deal with it carefully, guided by facts. That is why we decided on RON95. Following discussions with Petronas and other oil companies, we can contain the situation for the next month or so. The people should be the last to bear the burden,” he said.
While the price of subsidised RON 95 petrol is still kept at RM1.99 per litre, the government announced last week that the 300 litre monthly quota for RON 95 petrol under the Budi Madani RON 95 (Budi95) petrol subsidy programme will be temporarily reduced to 200 litres a month effective April 1.
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