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 Strait of 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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rogue nation already eliminated five leaders of oil producing countries – sadam, gadafi, asad, maduro, khomeini. malaysia is also oil producer so dsai should bend the knee to usa and zion if he is smart.
Doesn’t make sense
Majority only use less
50% of the 300L quota
PM brain cannot count…
Before the conflict, the price of oil was averaging USD70 per barrel. After it started, the price is climbing towards USD100 per barrel & higher. The estimated oil consumption of Malaysia is about 750,000 barrels per day, which means paying an extra USD22.5 million per day when the oil price hits USD100 per barrel, and this will continue to increase as long as the conflict goes on. In addition, this conflict has already started a downturn in the global economy which also negatively affects Malaysia. Such negative factors can certainly weaken the government’s ability to maintain subsidies if the conflict does not end soon.
Malaysia is a net exporter of oil and gas products. There will be never be a point where the net effect is an overall loss despite increasing amounts of subsidy.
Another country bow down, guess what happened after their natural resources is depleted there? Yeah, the ‘peace country’ just left without a second thought, completely neglecting the unstable situation there. Cause they don’t care. You are naive to think the ‘peace country’ will help you grow your country. No they will just suck dry your liquid gold/whatever gold and leave as soon as there’s nothing left that benefits them.
your scenario actually sounds quite reasonable except for the added fact you forgot to mention, that maga also kills and bombs innocent civilians wherever they go
Fake national football players.
Fake promises to rakyat.
Fake Gomen.
many times your comments show that u are not familiar with the Malaysian system of govt, so it looks like u are fake rakyat Malaysia. Probably u are likely a mossad tali barut agent who is spreading disinformation in an attempt to topple the Malaysian govt for its anti zionist israel policy.
The Rakyat has spoken. PH & PMX must leave NOW!!
Once a gomen has lost trust of Rakyat they must step down and here is the proof.
Be careful of hostile foreign agents from mossad, using the name ‘Rakyat Malaysia’, trying to negatively influence the immature minds of small kids like yourself, in order to bring instability to Malaysia, as what they’re trying to do in Iran & Lebanon.
Anyone including foreigners can post a comment here as Rakyat Malaysia and claim to represent the people. You are just making up your own stories.
also fake comments from fake Rakyat Malaysia who always complains about petrol price because he himself is holding fake mykad which prevents him from enjoying budi95 cheap petrol
fake rakyat malaysia holding fake NRIC which prevents him from enjoying budi95 and sara
Kepla hotak! Unsubsidized Petrol all time high at RM 2.63! Rakyat asing all suffering!
Fire PMX and petrol price will reduce to RM 1.50.
You’re just too sick & too tired to realise that it should be the potus who has to be fired in order to stop the current conflict in the Middle East, and restabilise the global crude oil supply & prices.
Kudos to O&G labourer will gets min six months bonus soon KEK
Well once it goes up don’t bring it down, this is your chance to end the subsidy drug addiction, do away with the subsidy. People need to curb their joyrides and needless wastage of fuel. Vehicles that are way old to be fit for the roads need to be totally written off, those are highest fuel consumers and there are a lot of those junk out on the roads. High fuel prices will force those low-lifes to finally get rid of those dastardly trash cans on wheels.
Dino u are a snobbish person.
Classic case of projecting. You are part of the problem.
Dino,why it seems you are speaking through your rear end? Did you question yr folks why your brain was parked there when you were born?
Who hurt you?
dino is absolutely correct .the truth hurts but nevertheless it remains the truth.
What kind of statement is this??? During pak lah and najib time the government can maintain subsidies for everybody in malaysia even when oil rose to more than $120 a barrel for years. But this government cant even maintain 300L subsidies for genuine malaysians for months???
Didn’t they claim the economy is roaring, tax collection is on the up and petronas is making more money than ever under their transparent governance???
During the era of PM5 & 6, crude oil prices did not go above RM120 a barrel for years. From time to time, it spiked above RM120 per barrel in June 2008, April 2011 & April 2012.
The present situation has many uncertainties due to the current US leadership’s inability to give any firm answers regarding how & when the conflict will end, especially when vital oil supply shipping through the Straits of Hormuz has been forced to a halt. Other than just the global crude oil supply, those uncertainties have also negatively affected the future outlook of the economies of many countries, including ours.
Crude oil price should be in USD per barrel, not RM. Sorry for the typing error.
petronas dividend had been shrinking over the last few years, mainly because the east had been actively sabotaging petronas and stealing , sorry i mean “taking over” petronas assets.
so if petrol price goes up we can thank Abang Jo for that.
Hopefully can totally remove this subsidy, make sure people can pay comfortably for full price, and use taxes to improve road conditions outside highways
Petronas kata bayar 40bil
petronas is being sabotaged and taken hostage by eastern states –
Petronas committed to paying a total dividend of RM32 billion to the Malaysian federal government for the 2024 financial year. Despite a 32% drop in net profit to RM55.1 billion, the national oil company maintained this dividend level to support national fiscal strength
Float petrol price+ fuel tax 10% above 150L.
Cash aid to target group.
Remove > RM100,000 for electric vehicles; lets the market compete with electric & hybrid vehicles.
Those old lorries need upgrade as well; give the soft loan.
guys guys hol up
so what yall are saying is that:
malaysia is a net exporter of oil, we produce more than we need and we send out to other ppl.
so we should be in control of our own oil price right? because the price go up means we sell for higher and untung more right? which means more untung right? if supply is not enuf we just eat our own oil and dont sell too much right?
so why need to remove subsidy?
Malaysia is actually now net exporter of LNG and net importer of crude oil, from which petrol & diesel are refined from. Malaysian Tapis crude oil is of high quality & low in sulphur and therefore fetches a higher price which is why it is being exported to overseas instead of being used locally. So, for local use, Malaysia uses crude oil imported from the Middle East which is lower in quality & cheaper. Another thing is that the local refineries are currently unable to meet the local demand and thus refined petrol & diesel are also imported from the refineries in Singapore. Thus the cost of subsidies is not as straight forward as most people think.