Govt likely to cut RON95, diesel prices to ease cost of living, says MIDF Research

KUALA LUMPUR: MIDF Research anticipates that the government will cut fuel prices, particularly RON95 petrol and diesel, to ensure price stability and ease cost of living pressure in Malaysia.

If the government cuts the RON95 price by 10 sen to RM1.95 per litre next month, Malaysia's headline inflation is likely to ease to 2.9% for 2023 as non-food inflation moderates further towards 1.3%, while transport price experiences deeper contraction of -1.7%, it said in a note on Tuesday (July 25).