Tag: RON95

RON95 petrol subsidies need to be reduced in stages to avoid burdening the rakyat, says analyst

The Malaysian government’s decision to reduce fuel subsidies this year has obviously been a source of debate, as it has sparked fears it may lead to a drastic increase in petrol prices. To that end, an analyst has urged authorities to float the price of RON95 fuel in stages to prevent a price shock that [...]read moreRON95 petrol subsidies need to be reduced in stages to avoid burdening the rakyat, says analyst

Petrol subsidies in Malaysia confirmed to be reduced this year – unsubsidised RON95 to be RM3.38/litre?

Economy minister Rafizi Ramli has reportedly confirmed that Malaysia will reduce subsidies for petrol this year in order to reduce the country’s fiscal deficit, Malay Mail reported, citing Bloomberg. The Malaysian government remains on track in focusing its handouts on aid for the needy, Rafizi said, adding that the government ‘needs to manage the sequence’ [...]read morePetrol subsidies in Malaysia confirmed to be reduced this year – unsubsidised RON95 to be RM3.38/litre?