KUALA LUMPUR: The government will maintain the subsidised RON95 petrol price at RM1.99 per litre and has no plans to make any drastic changes to the current price or policy, says Economy Minister Akmal Nasrullah Nasir.
He said the ongoing conflict in the Middle East does not provide strong indications for the government to make drastic changes to its existing policies or adjust domestic fuel prices.
"Our ministry is closely monitoring developments in the Middle East, but so far there is no indication for the government to make any drastic policy changes," he said.
"The government has implemented a targeted subsidy and is still maintaining a reasonable RON95 price for the people," he told a media conference after attending the OGSE100 CEOs Forum 2026 here on Tuesday (March 3).
On March 1, Prime Minister Anwar Ibrahim said the government would strive to maintain the RON95 petrol price at RM1.99 per litre for Malaysians despite global market uncertainties following the latest developments in the Middle East.
Anwar, who is also the Finance Minister, said the increase in global oil prices following disruptions in the Strait of Hormuz is expected to affect the country, but the government remains determined to maintain the subsidised RON95 price under the Budi95 programme.
Meanwhile, Akmal Nasrullah said the government is maintaining its 2026 gross domestic product (GDP) growth forecast at 4.0%–4.5% despite the ongoing conflict in the Middle East.
"If there is any need to readjust the figure, it will be done by Bank Negara Malaysia; but as of today, we are still proceeding with our growth target for 2026," he added. – Bernama
