Prices of RON95 and diesel will stay at RM2.20 per litre and RM2.18 per litre respectively, until the end of this year, says Finance Minister Lim Guan Eng.
A total of RM3 billion has been allocated as subsidies for both fuel, to ensure the prices remain unchanged in the market.
“That amount (of subsidy) can be less depending on oil prices but I don’t want to give the figures because it fluctuates week by week.
“However, our estimation is RM3 billion (subsidy) until year-end,” he said.
Even if prices were to increase later, the government was committed “not to raise prices”, Lim added.
RON97, on the other hand, will be based on market movements. The current price for RON97 was at RM2.59 per litre.
“RON97 is not a problem, because it’s for more expensive vehicles,” he added.
[Source]
