The government is committed to maintaining subsidies of RON95 for the majority of the people, as implemented in the targeting of electricity subsidies, where 85% of the population is not affected.
As of now, the price of RON95 in Malaysia is RM2.05 compared to neighbouring countries like Thailand (RM5.85), Indonesia (RM3.38), Singapore (RM9.02), and Saudi Arabia (RM2.66). The low price has resulted in the government bearing a subsidy amount that reached RM20 billion in 2023.
Prime Minister Dato Seri Anwar Ibrahim said that the government will continue to bear the estimated RM12 billion subsidy for the needs of 85% of the population.
“The government plans to implement the targeting of RON95 petrol subsidies by mid-2025. The savings achieved from this will be utilized for the welfare of the majority of the people.”
Stay tuned for more updates!
