No Plans To Reduce Price of RON95 | There are no plans to reduce the prices of RON95 and diesel in Malaysia despite a drop in global crude oil prices as the Government is still subsidising the fuel costs.
Deputy Finance Minister Datuk Ahmad Maslan said such a question does not arise as the Government was still giving a subsidy of 12 sen a litre for RON95.
"Last year, the Government subsidised 24 sen for every one litre of the RON95 fuel.
"Now with the decrease in global crude oil prices, the subsidy is 12 sen as of October this year.
"Therefore, the question does not arise yet as we are still subsidising every litre," he said when winding up points raised during the Budget 2015 debate in the Dewan Rakyat.
It was reported on Wednesday that Rafizi Ramli (PKR - Pandan) had said in a press conference that consumers could end up ‘subsidising’ the Federal Government if it did not cut fuel prices following the drop in global crude oil prices.
Rafizi had said the global crude oil price had fallen to USD82 (RM274) per barrel.
He said consumers would be paying more than the market rate if the crude oil price shrank further to USD73 (RM244) a barrel and below - The star online