The government will increase the price of RON95 petrol gradually to match market prices. Based on our calculation, RON95 could cost up to RM2.18/litre by end Jan 2020 or up to RM2.26/litre by end Feb 2020.
will target those that fall under the B40 category and this will be followed by the M40 segment. With this scheme in place, the price for RON95 petrol will soon be floated to market prices but it will be increased gradually. This is to ensure that the petrol price hike will not increase the prices of goods dramatically.
According to Deputy Minister of Domestic Trade and Consumer Affairs Ministry, Chong Chieng Jen, the government will float the price of RON95 petrol in stages by 1-2 sen per week until it reaches market price. This was in response to a question in Parliament by Kota Samarahan MP, Rubiah Wan. The Deputy Minister added the bulk subsidy scheme would be implemented in Sabah and Sarawak. This means East Malaysians will continue the same RON95 price of RM2.08/litre. He also added that enforcement action will be taken against unscrupulous traders that take the opportunity to increase their prices for extra profit. The RM2.2 billion targeted fuel subsidy program is expected to benefit more than 8 million motorists in Malaysia., the current market price for RON95 is RM2.
Under the Petrol Subsidy Program, government will provide a subsidy of RM30/month for cars or RM12/month for motorcycles. It is applicable to eligible recipients that fulfil the following criteria:Motorcycle with 150cc engine and below
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