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Saturday, 25 January 2014

No decision on RON95 limits, says Najib

KUALA LUMPUR: The Government has not made any decision on whether or not to limit the purchase of the subsidised RON95 fuel to low-income earners.

“No, there’s nothing yet,’’ Prime Minister Datuk Seri Najib Tun Razak said when asked about reports that such a measure was being planned.

Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor had hinted that the new fuel pricing policy might take effect in May or June, in a move to ensure subsidies are enjoyed only by deserving Malay­sians.

The current price of RON95 is RM2.10 per litre (with a subsidy of 63 sen) while the price of RON97, which is determined by market forces, is now RM2.80 per litre.

However, Tengku Adnan clarified yesterday that he was talking about rationalisation of fiscal policy to those who were in need compared with the rich.

Najib also said the Government was committed to finding a solution to ease the public’s burden in facing the escalating cost of living.

He said the special Cabinet committee chaired by Deputy Prime Minister Tan Sri Muhyiddin Yassin was waiting for results from a laboratory to implement new measures to ease the people’s burden.

The Prime Minister also said some 7.9 million people would benefit from the BR1M payout in February.

Tags / Keywords: Politics , pm


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