Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said today that the government will not increase the price of RON95 petrol, diesel and liquefied petroleum gas (LPG) for now. He however did not mention for how long the government would maintain current prices, when probed by reporters
However, with the subsidy for petroleum products set to baloon to a massive RM18 billion this year, it’s just a matter of time before pump prices go up. The current price of RON95 petrol is RM1.90 per litre, as opposed to RON97’s RM2.90 per litre after the recent round of revision. The government has already announced that super subsidy diesel for commercial vehicles will end effective 1 June.
“This decision was made because the government is concerned for the people’s welfare. But at the same time, the government will continue studying subsidy rationalisation as a whole following the increase of fuel and gas prices in the global market,” Ismail Sabri told reporters today.
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AI-generated Summary ✨
Most comments express skepticism about the government's promise to not hike fuel prices for now, suspecting it is a temporary tactic related to upcoming elections. Several comments suggest that price hikes will occur after the polls, viewing the current delay as politically motivated. There is frustration over the government’s handling of fuel subsidies and concerns about future increases when global oil prices drop or rise. Many relate the timing of the no-hike announcement to political strategy, with fears of hikes occurring post-election. Some comments emphasize that the government’s claims of caring for rakyat are insincere and predict that fuel prices will inevitably go up soon. Overall, sentiments are predominantly negative, with disbelief in the government's current stance and suspicion of electoral motives.