Prime Minister Anwar Ibrahim (PMX) reaffirmed the government’s stance against raising RON95 petrol prices, currently fixed at RM2.05 per litre, but hinted at a possible gradual reduction depending on market trends.
PMX Mulls IC Requirement for RON95 Purchases to Curb Subsidy Abuse
He proposed removing fuel subsidies for the wealthiest Malaysians and foreign nationals, who currently benefit from RM3–4 billion in annual subsidies.
PMX suggested requiring Malaysians to show identification when purchasing subsidised fuel. He stressed that no nation subsidies petrol for luxury car owners and pledged to review both LNG subsidies and the e-Invoice system to curb national revenue losses.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
