‘Consumers must be ready to pay higher for RON95’

PETALING JAYA: Consumers will likely feel some pinch should global oil price remains high following the implementation of the targeted fuel subsidy scheme next year, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.

He said there would be a short-term adjustment whereby consumers, who have been enjoying subsidised fuel, making adjustments on their disposable income.