Price cap on RON95 to be removed, says minister

Price cap on RON95 to be removed, says minister

The Malaysian Reserve-News·2019-10-11 13:09

THE government will not put a cap to the rise of RON95 petrol once the target fuel subsidy programme is implemented but any rise will be gradual to prevent shocks, said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

“The automatic price mechanism will still remain the method of calculation. Ceiling price at the moment, is not a consideration,” Saifuddin Nasution said in Dewan Rakyat yesterday.

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SE Asia

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