Malaysia will be able to maintain the current RM1.99 per litre price of subsidised RON 95 petrol under the Budi Madani RON 95 scheme (Budi95), prime minister Datuk Seri Anwar Ibrahim has said, reported The Star.
“We will try to control the effects of the Iranian conflict, including for RON95, which is RM1.99 per litre. We will monitor this situation because so far, we can still hold off for one or two months, so, I urge everyone, including the civil service, workers and businesses to be wary of this situation,” the prime minister said.
The effects of ongoing conflict in the Middle East on the economy and regional geopolitics are still under control, Anwar said, however the 200 vessels currently stuck in the Strait of Hormuz will have an effect on trade and economy; an estimated 20% of the global oil supply passes through the Straif Hormuz, the report wrote.
Earlier this week, the prime minister, who is also finance minister, said that the Malaysian government will try to keep the price of RON 95 petrol at its current rate of RM1.99 per litre under the Budi95 subsidised petrol scheme.
Beyond the subsidised price of RON 95 petrol that is RM1.99 per litre, this week’s fuel price adjustments saw the price for unsubsidised RON95 climb eight sen to RM2.67 per litre, while the price of RON 97 petrol increased by 10 sen to RM3.25 per litre. Euro 5 B10 and B20 diesel went up eight sen to RM3.12 this week, which meant Euro 5 B7 diesel, at 20 sen more per litre, rose to RM3.32 per litre.
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