‘Govt to come up with revised price system soon’


Smooth operation: Armizan (in light blue) looking on as a Line Clear Express Sdn Bhd staff (front) pumps petrol into his vehicle using a fleet card at the PETRONAS station in Cyberjaya. — Bernama

CYBERJAYA: The government will announce a revised rate for the Automatic Pricing Mechanism (APM) soon to ensure the continued viability of petrol stations following the implementation of the targeted RON95 petrol subsidy.

Minister of Domestic Trade and Cost of Living Datuk Armizan Mohd Ali said a proposal to review the rate has been submitted to the Finance Ministry (MOF), following engagement sessions with petroleum companies and petrol station associations.

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KPDN , MOF , Armizan Mohd Ali , APM , RON95 , targeted subsidy , BUDI95

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