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 express skepticism and frustration over fluctuating fuel prices, questioning the transparency of the government’s pricing formula and highlighting issues like wastage, subsidies, and economic impact. Some believe adjustments are artificial and call for more honesty and accountability, while others share tips for saving fuel. Overall, there is concern about the negative effects on living costs and a desire for clearer information and better government management of fuel pricing and public funds.