The government today said the price of RON95 petrol will not be raised soon, allaying concerns this would be hiked following a recent cut in sugar subsidies.
Sugar subsidy was slashed by 20 sen on May 10, bringing its price to RM2.30 per kilogram. The hike follows a previous increase in December last year, which saw the price being raised by a similar amount.
Today, Domestic Trade, Co-operatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said his ministry had considered RON95 pricing on Wednesday but did not make a decision on it.
RON95 petrol currently retails at RM1.90 a litre, while diesel sells for RM1.80 per litre and liquefied petroleum gas (LPG), RM1.90 per kg
On May 4, the price of RON97 petrol went up by 20 sen to RM2.90 per litre — the highest it has ever been. RON97 is, however, not a subsidised item.
The Najib administration removed subsidies for RON97 petrol last year, allowing its price to be determined using a managed float system. RON95, diesel and LPG continue to receive government subsidies.
comments
Malaysians are now numb to price increases. We will suffer even more if Malaysians don't wake up & give the BN government the boot in the 13GE.The UMNOputras & cronies will not suffer,because they are all filty rich after years of plundering our coffers.What's the use of having the highest building,the longest of this or the biggest of that,when our economy has gone down the drain & Rakyats' well-being not defended.
once the price goes up it will never goes down... that's the promise from BN...
Elections coming soon!! After the rural voters got bought over with RM50.00 and 10kg of rice to vote for UMNO/BN and they form the government again then the big rise will happen!! Joke this administration!!
No comments:
Post a Comment