Good time to adjust RON95 subsidy

CGS International Research suggested the adjustments on RON95 could be done all at once, relative to the government’s earlier plan to implement adjustments in tranches.

PETALING JAYA: Analysts believe the stronger ringgit and weaker crude oil prices offer an opportune time for the government to implement the subsidy rationalisation of RON95 petrol.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the timing of the move mattered, especially considering “other moving parts in the equation” such as the ringgit-US dollar exchange rate and crude oil prices.