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KJ Says The Market Price For RON95 is RM4.52 Per Liter & The Subsidy is to Curb Inflation

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Source: Straits Time & mStar

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Just last night (July 6), the Ministry of Finance announced the latest fuel pricings , effective July 7 till July 13 2022.

Screenshot 2022 07 07 142457

As shown in the image above, RON97 sees a drop of 4 sen this week. Ron 95 and Diesel remain unchanged, at a price of RM2.05 / litre & RM2.15 / litre, respectively.

Just this morning (July 7), Health Minister Khairy Jamaluddin took the opportunity to remind fellow Malaysians about what could have been if the RON95 petroleum has not been subsidised by the government.

“The market price for RON95 is RM4.52 / litre,” Khairy said.

Screenshot 2022 07 07 142715

As of now, Malaysia has been holding the RON95 petrol price at RM2.05 per litre, which is equivalent to USD0.46.

Khairy also said that the price for RON95 remains the same in an effort to curb inflation.

In the meantime, some Malaysians also shared their take on the subsidised petrol in the comment sections.

Screenshot 2022 07 07 141751

Do you think subsidised RON95 will help Malaysian road users in the long run? Similarly, do you think RM2.05 for a litre of RON95 petrol is reasonable, or should it go lower?

 

Also read: Klang Valley’s Traffic is Getting Worse! KTMB Says It’s Because Public Is Not Taking Public Transport

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Source: Straits Time

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



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