The Malaysian government, through the Ministry of Finance, reiterates its dedication to maintaining commodity price stability by continuing targeted fuel subsidies via the SKPS and SKDS programs, aiming to mitigate the impact of rising global oil prices, particularly those stemming from the West Asia conflict.
‘Little Pakistan’ at Jalan Sultan Azlan Shah in KL: A street shaped by authentic food, businesses, and a sense of home for Pakistani immigrants Why farmers and traders in Malaysia are bracing for a veg price crunch this April: What’s behind the Hormuz Strait connection Smaller plates, approachable prices: Stefania Osteria in Bukit Damansara offers a casual brand of Italian food fit for the neighbourhood The world is already hurting: Why the Middle East and Iran should seek a diplomatic way out from the quagmire — Phar Kim BengIn a Facebook post today, the Ministry of Finance said the government is continuing its efforts through the Subsidised Petrol Control System and the Subsidised Diesel Control System , which provide targeted fuel subsidies for the land and water public transport sectors, as well as for the transportation of selected goods.
— Picture by Sayuti Zainudinand enjoy FREE RM10 & when you sign up using code VERSAMM10 with min. cash of RM100 today! T&Cs apply.KUALA LUMPUR, March 29 — The government has reaffirmed its commitment to safeguarding the people and ensuring the stability of commodity prices despite rising global oil prices following the conflict in West Asia. In a Facebook post today, the Ministry of Finance said the government is continuing its efforts through the Subsidised Petrol Control System and the Subsidised Diesel Control System , which provide targeted fuel subsidies for the land and water public transport sectors, as well as for the transportation of selected goods. “These measures help keep transportation costs under control and ensure that commodity prices remain stable,” the ministry said. According to the infographic shared, the retail price of subsidised petrol under SKPS for public transport and goods transportation has been maintained at RM2.05 per litre. Meanwhile, under SKDS, the subsidised diesel price for the land transport sector remains at RM1.88 per litre, while diesel for goods transportation continues to be capped at RM2.15 per litre. The ministry added that the government will continue to closely monitor global developments and adopt a prudent approach to protect the well-being of the rakyat. — Bernama
Fuel Subsidies Commodity Prices Government Policy Oil Prices SKPS/SKDS
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Government to Maintain Price Stability Amidst Rising Global Oil PricesThe government will continue to protect citizens and ensure price stability of goods despite the rise in global oil prices due to the West Asia conflict. This will be achieved through the Subsidized Petrol Control System (SKPS) and the Subsidized Diesel Control System (SKDS), which provide fuel subsidies for public transport and certain goods transportation sectors. Retail prices for subsidized petrol and diesel will be maintained.
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