Holistic targeted fuel subsidy mechanism needed

By Manokaran Mottain

SINCE February 2020, domestic fuel prices were set to be determined by a managed float price setting mechanism. After a year of implementation, the rising global crude oil prices had led the government to cap the RON95 and diesel at RM2.05 and RM2.15 per litre respectively.

The price cap is being maintained until today, notwithstanding the higher volatility in global crude oil prices.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
fuel prices , crude oil , Brent , subsidies , RON95 , RON97 , MyKad-petrol

Next In Business News
High court approves Capital A's capital reduction, working towards PN17 status uplift
Stocks shaken by geopolitical fears, Japanese bonds bounce after selloff
China completes first phase of 6G technology trials
ACE Market-bound Kee Ming Group to raise RM31.50mil from IPO
Bursa Malaysia continues uptrend at midday, CI stays above 1,700
Gold crosses US$4,800 for the first time as US, EU spar over Greenland
Oil prices fall as risks from Kazakh production halt subside
ACE Market-bound Ambest aims to raise RM27.5mil from IPO
Steel Hawk unit secures contract for fire rated doors in Sabah
Binastra unit accepts RM742.86mil building contract in Johor

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.