Can’t keep up with the constantly changing weekly fuel price adjustments? Prime minister Datuk Seri Najib Tun Razak says that citizens should get used to it, as fuel prices change daily in developed countries, according to a report by Berita Harian.
The premier went on the programme Bicara 4 Mata last night to discuss the issue, saying that the government can no longer provide subsidies for fuel. “We have already said that we cannot afford to provide mass subsidies, which is why we provide more focused subsidies.
“Only when the price of RON 95 reaches RM2.50 [continuously over the course of three months] will the government step in to help the rakyat. That is the guarantee we have made,” Najib said.
The government moved to a monthly managed float system on December 1, 2014 after it abolished fuel subsidies, then switched to weekly fuel price adjustments on March 29 last year. Today, prices for petrol fuels rose three sen to RM2.29 per litre for RON 95 and RM2.56 per litre for RON 97, while diesel fuels jumped six sen to RM2.32 per litre for Euro 2M diesel and RM2.42 per litre for Euro 5 diesel.
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AI-generated Summary ✨
Comments mainly express frustration with the government's handling of fuel prices, questioning the transparency of the pricing formula and advocating for more open sharing of calculations. Many argue that fuel prices should align more closely with global trends, criticizing artificially low prices that create economic distortions. Several commenters suggest driving hybrid or fuel-efficient cars to reduce personal costs. There is also concern about government wastage, high operational costs, and the need for austerity measures like reducing civil servants and corruption. While some appreciate government efforts to help the needy, many believe subsidies and focus on cost-cutting are essential for sustainable growth. Overall, sentiments range from skepticism to demand for accountability, highlighting the impact of fuel price fluctuations on everyday life.