‘Price of RON95 should be lower’


  • Nation
  • Sunday, 23 Dec 2018

PETALING JAYA: The government should clarify why the petrol price of RON95 is still unchanged despite the drop in global oil prices, says Datuk Seri Dr Wee Ka Siong.

The MCA president said the price of RON95 remained at RM2.20 per litre.

“The drop in global oil prices is apparent since two months ago.

“But at its current price of RM2.20 per litre, the government has been collecting taxes amounting to RM100mil every week.

“Many feel that the actual price of RON95 is RM1.90 per litre or even lower,” he said in a Facebook post yesterday.

Dr Wee pointed out that Barisan Nasional had not imposed a “tax” for RON95 petrol since 10 years ago.

“If you have been collecting petrol tax for the last two months and not giving a subsidy as promised, at least have the courage to tell people the truth,” he said.

Earlier yesterday, former prime minister Datuk Seri Najib Tun Razak also questioned the government over the matter.

“Budget 2019 announced by (Finance Minister Lim) Guan Eng was based on the assumption that the Brent oil prices were at US$72 (RM301) per barrel at the beginning of last month but after that, global oil prices have continuously tumbled.

“Last night, the Brent oil price was about US$52 (RM217) a barrel,” he said in his Facebook.

Najib said the actual RON95 price was at RM1.90 per litre and that the government had imposed a tax of 30 sen per litre.

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