No price increase for RON95, diesel and LPG

The government says the decision was made taking
into consideration the interest of the people.

PUTRAJAYA: In a move that will please many Malaysians, the government has decided to maintain the prices of RON95 petrol, diesel and liquefied petroleum gas (LPG) for the time being.

Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob said the decision was made after an in-depth discussion on subsidy rationalisation at today’s weekly Cabinet meeting.

“The decision was made taking into consideration the interest of the people,” he told a news conference at his ministry, here today.

The government would, however, continue to study the need for subsidy rationalisations in view of the increase in the prices of oil and gas in the global market.

Asked whether there was any discussion on the time frame for the prices to remain, Ismail Sabri said there was no discussion about time frame.
The price of RON95 petrol is now RM1.90 per litre and diesel at RM1.80 per litre. LPG is priced at RM1.90 per kg.

The last time the prices for these three items were adjusted was in December last year.
Ismail Sabri said the decision to retain the prices of the three items meant that the government had to bear fuel subsidy totalling RM18 billion. Last year, the fuel subsidy was RM8.15 billion.

- Bernama