PUTRAJAYA: Fuel prices are down across the board from Feb 8 to 14 due to a drop in global fuel prices, says Finance Minister Lim Guan Eng.
RON95 petrol will be priced at RM2.04 per liter for a week from Feb 8, down four sen from RM2.08 previously while Diesel will be sold at 2.08 per liter, down 10 sen from before.
They are below the capped prices of RM2.08 and RM2.18 per litre for RON95 and diesel respectively.
Meanwhile, the price of RON97 is floated and determined by market prices, and consumers will be paying RM2.34 per litre the coming week, down seven sen from RM2.41 previously, he said.
"Consumers can enjoy lower petrol prices while being assured that the capped price of RM2.08 per liter for RON95 will be enforced should fuel prices go up," Lim said at a press conference on Friday (Feb 7).
He added that this was in line with the Pakatan Harapan manifesto to stablise petrol prices.
The Government spent RM6bil in 2019 to subsidise petroleum products and liquified petroleum gas, he added.
Asked how much the Government would be spending on fuel subsidies this year, Lim said it was still too early to tell.
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