Talks on fuel subsidies ongoing

Petronas Dagangan's Azrul Osman Rani: “We are in close discussion and communication with the Finance Ministry. “We understand the current predicament with the high global oil prices impacting the country as well as every other nation,” Azrul told reporters during an online media briefing after the group’s AGM.

KUALA LUMPUR: Petronas Dagangan Bhd (PDB) is in discussions with the Ministry of Finance (MoF) regarding the spike in the government’s fuel subsidy bill this year, as a result of high global oil prices, says PDB managing director and CEO Azrul Osman Rani.

According to a recent statement by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, spending on fuel subsidies may reach RM28bil this year if global oil prices continue to trend above US$100 (RM435.65) per barrel, compared with RM11bil on the fuel subsidy bill in 2021.