PM Anwar Ibrahim reiterates why petrol cannot be RM1.50 per litre, billions already spent on subsidies

PM Anwar Ibrahim reiterates why petrol cannot be RM1.50 per litre, billions already spent on subsidies

It is not feasible to introduce additional fuel subsidies in Malaysia to reduce fuel prices in the country, and between RM30 billion to RM40 billion is being spent in subsidies to fuel prices at their current levels, such as RON 95 petrol at RM2.05 per litre, prime minister Datuk Seri Anwar Ibrahim said according to The Star.

“The 2023 fuel prices in Saudi Arabia are higher than in Malaysia, and how much cheaper can we go? Subsidies are already skyrocketing,” the Malaysian prime minister said in a video clip on X (formerly Twitter) yesterday.

“Despite producing much more oil, Saudi Arabia’s fuel prices are still higher than ours,” Anwar said. He acknowledged criticism over his previous election campaign promise in 2008 to bring down fuel prices, and said that the present economic situation is different now compared to what it was at that time.

“That was in 2008, when oil prices in Saudi Arabia were 50 cents a litre, which was RM1.80 at the time,” the prime minister said. One litre of RON 95 petrol in Saudi Arabia is currently priced at 2.33 riyal (RM2.93), The Star reported.

Last month, the prime minister said that the price of petrol cannot be lowered to RM1.50 per litre due to the current price of crude oil. “Petrol in Saudi Arabia is RM2.84 per litre, while in Malaysia it is RM2.05 per litre,” he told the Dewan Rakyat last month.

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Mick Chan

Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.

 

Comments

  • Forever B40 on Oct 05, 2023 at 9:47 am

    Unfortunately most of the Malaysian think that our country debt is not a big issue.

    Government should give subsidy no matter what, padahal tax pun x bayar, mana Government dapat duit ? Korek ke ?

    Like or Dislike: Thumb up 32 Thumb down 18
    • Aku Bukan Miliki Aku on Oct 05, 2023 at 9:25 pm

      Rezeki diberi Tuhan
      Kita rajin kita dpt
      Kita x perlu subsidi
      Kita hanya sokong PN
      PN x bagi ape2 pon xpe
      Asalkan pintu ke syurga

      Like or Dislike: Thumb up 3 Thumb down 9
      • Dah Menang Semua on Oct 06, 2023 at 3:15 pm

        Fuyoh! PAS boleh cetak
        Ticket pass Syurga FOC
        Bodoh jer percaya laa

        Like or Dislike: Thumb up 12 Thumb down 2
        • DonkeyKong on Oct 07, 2023 at 5:26 am

          Mestilah boleh.. ko cetek ilmu apa ko tau.. kapir dan munafiq memang takkan paham shortcut syurga kita.. takbeeeerrrr

          Like or Dislike: Thumb up 4 Thumb down 13
          • Fuyoh! Ilmu kau mmg mendlm.. on Oct 07, 2023 at 12:03 pm

            Fuyoh! Ilmu engko mmg mendlm.. Sedlm 6 kaki bwh tanah!

            Like or Dislike: Thumb up 14 Thumb down 0
    • Forever T20 on Oct 06, 2023 at 10:31 am

      We’re okay with fuel price adjustments, but it’s frustrating how a significant portion of our profits goes into taxes for fuel subsidies and supporting the struggling local car industry. But what really bothers us is that PMX should acknowledge and apologize for the statements and accusations made before taking office, especially towards those he has slandered.

      Like or Dislike: Thumb up 7 Thumb down 0
  • 2022 pun cakap benda yg sama, tak payah ungkit 15 tahun dulu pun

    Like or Dislike: Thumb up 23 Thumb down 4
  • Baru kau tahu. Dulu kau melalak macam lah tak ada subsidi paid.

    Like or Dislike: Thumb up 32 Thumb down 31
    • Lim terowong ghaib on Oct 05, 2023 at 6:53 pm

      Dia dengan penyokong nya hari2 kerja melalak. Dah jadi kerajaan pun hari2 melalak. Ntah siapa kerajaan sekarang ni kerja tak tahu buat. Ringgit makin teruk jatuh, penyokongnya tak pulak melalak kan.

      Like or Dislike: Thumb up 17 Thumb down 15
      • DonkeyKong on Oct 07, 2023 at 5:31 am

        Diorang janji Najib turun ringgit naik. Memang dah deliver pun. Ringgit naik dari RM4 ke RM4.70 to USD1.

        Tahniah kerajaan permaidani.. satu Malaysia dah kaw kaw diTAMBUN (henTAM BUNtxx)

        Like or Dislike: Thumb up 6 Thumb down 10
        • Patut lah... on Oct 07, 2023 at 2:59 pm

          Patut lah kamu ni arif sangat pasal BUNtxx.. Nama kamu ‘Donkey’ = @ss..

          Like or Dislike: Thumb up 8 Thumb down 1
        • Ajibkor on Oct 08, 2023 at 9:38 am

          adoii Donkey nya palehotak walaun PN sekoq nih. LOL bodo pon jangan kasi balun abes LOLz..

          Like or Dislike: Thumb up 0 Thumb down 1
  • beamcruiser on Oct 05, 2023 at 10:27 am

    Then have it below RM2, how about 1.80-1.90, every little bit helps in this tough economic situation.

    Like or Dislike: Thumb up 17 Thumb down 14
    • Solid Sodium Batteries EV club on Oct 05, 2023 at 7:45 pm

      KEK human habitually tends to waste it no appreciation when petrol is cheap, tends to use more petrol and contributes more pollution.

      Like or Dislike: Thumb up 10 Thumb down 0
  • Appreciate la on Oct 05, 2023 at 10:34 am

    Our petrol cheap dy got people still tak puas hati. Then go Singapore or thailand fuel up la. See their prices how. Stupid

    Like or Dislike: Thumb up 38 Thumb down 30
    • How to fuel up in Singapore, RM currency also drop. All other things in Malaysia also becoming expensive. Go to clinic for medical also expensive. Car price also increase, house price also increase. Elected government is there just to justify why they cannot do anything. Before vote will say can do many things. After becoming government give all kind of reasons why they can do nothing. They got paid just to busy politicking. Sigh!

      Like or Dislike: Thumb up 9 Thumb down 2
      • Sanusi kedoh on Oct 06, 2023 at 11:08 pm

        Our petrol is considered very cheap compared to our neighbors. Private Clinic mmg expensive wei, we get cheap rm1 klinik kesihatan just go there la why mati2 wanna go private. Our government clinic facilities are so good edy. Car price mmg increase due to inflation, if want car 2nd hand oso got or buy saga that is very good edy if mati2 want new car. House price mmg expensive year by year. It’s just been 10 months since the new government has been elected. You’re expecting big changes in a fortnight izit. Be patient la PMX is doing a great job stabilizing the economy. Our goods prices inflation is already low since PMX took over. Do you realize that? Just be patient the goods of this government will come

        Like or Dislike: Thumb up 11 Thumb down 4
    • Brunei petrol murah gila on Oct 06, 2023 at 9:07 am

      always compare with Singapore. Do you know SGD = 3.2x MYR ?
      Since you like to compare with Singapore, lets take brunei into comparison also lah. The petrol (and electrik) there is DIRT CHEAP.

      Like or Dislike: Thumb up 4 Thumb down 3
  • Ben Yap on Oct 05, 2023 at 11:01 am

    even if government were to lower the fuel price, traders are not going to lower the price of goods and food. as long as the subsidy remains, it is good enough.

    Like or Dislike: Thumb up 12 Thumb down 8
  • Peppa on Oct 05, 2023 at 11:06 am

    Our oil prices already one of the lowest in the whole world. Dang Malaysians can be ungrateful sometimes

    Like or Dislike: Thumb up 14 Thumb down 21
  • Janji dicapati on Oct 05, 2023 at 11:22 am

    Refer my name

    Like or Dislike: Thumb up 66 Thumb down 53
  • Rafizi sembang kencang on Oct 05, 2023 at 11:23 am

    Hanya org bodoh dan kurang cerdik je percaya dengan dia ni. Rasakan hahaha…

    Like or Dislike: Thumb up 69 Thumb down 53
    • abah tak sembang seperti budak mentah mcm kau on Oct 06, 2023 at 7:41 am

      Last year, abah told the press that the government can save RM20 billion a year by implementing the targeted subsidy scheme, because only 20 per cent of the subsidy provided by the government was taken up by the B40 group, while the rest was enjoyed by groups which did not deserve it, resulting in almost 50 per cent of government subsidies being used by people in the well-to-do category.

      Like or Dislike: Thumb up 19 Thumb down 4
    • U pandai sangat ke ? Bayar berapa tax tahunan ? RM2 ke ? hahahahaha poor baby

      Like or Dislike: Thumb up 22 Thumb down 2
  • PHBN Korup on Oct 05, 2023 at 11:23 am

    I believe I can fly

    Like or Dislike: Thumb up 48 Thumb down 45
  • hazri penjilat tegar PakatanHancing on Oct 05, 2023 at 11:24 am

    Anwar needs better communications strategy – but that’s not enough! Because rakyat is more clever than him.

    Like or Dislike: Thumb up 60 Thumb down 52
    • hazri on Oct 06, 2023 at 10:17 pm

      good suggestion. last time abah moo got the best communication strategy. how? always using PDF. and dont forget eddy aweng, always use animals as metaphore. very brilliant strategy because not many understand him, only his follower can digest what he said.

      Like or Dislike: Thumb up 13 Thumb down 2
      • DonkeyKong on Oct 07, 2023 at 5:36 am

        Mail Penyu had the best communication strategy.

        1. Always go full retard
        2. Always practice chicken and duck talk. If the whole room clucks, you must quack and boast about how no one understands you
        3. Be a village hero and be a part of the lowest common denominator of society

        Like or Dislike: Thumb up 1 Thumb down 25
        • That also sounds like... on Oct 07, 2023 at 12:15 pm

          That also sounds like a hybrid between a hominidae homininae & an equus asinus.

          Like or Dislike: Thumb up 14 Thumb down 1
  • PM Zimbabwe on Oct 05, 2023 at 11:25 am

    Sembang

    Like or Dislike: Thumb up 64 Thumb down 53
  • Ex Rafizi supporter on Oct 05, 2023 at 11:28 am

    Apa boleh buat. Sudah geng dengan perasuah. Hadap jelah dengan KERA jaan MAhal DAh NI yang temberang ni. Dulu cakap lain, sekarang cakap lain.

    Like or Dislike: Thumb up 66 Thumb down 54
    • Keluhuran Perlembagaan on Oct 06, 2023 at 7:51 am

      Adakah kamu masih lagi berpendapat yg penubuhan kerajaan perpaduan ini yg telah dicadangkan oleh DYMM YDPA menurut perlembagaan negara, tidak sepatutnya berlaku?

      Like or Dislike: Thumb up 27 Thumb down 2
  • Nurul Izzah on Oct 05, 2023 at 11:33 am

    Anwar menang, subsidi hapus

    Like or Dislike: Thumb up 13 Thumb down 3
  • PM Zimbabwe on Oct 05, 2023 at 11:52 am

    Mythomania bermaksud kelainan psikologi yang menyebabkan seseorang mempunyai perilaku berbohong secara terus-menerus dan dalam jangka waktu yang lama.

    Berikut adalah ciri-ciri mythomania:

    – Pembohongan mereka tidak mempunyai kelebihan tertentu

    – Kisah biasanya dramatik, rumit, dan sangat terperinci

    – Biasanya mereka menjadi penyelamat atau mangsa utama dalam cerita

    – Mereka percaya bahawa kisah mereka benar-benar berlaku

    – Pembohongan diceritakan berulang kali.

    Like or Dislike: Thumb up 86 Thumb down 67
    • Thanks for sharing your condition on Oct 05, 2023 at 9:54 pm

      Memang tak syak lagi kamu ni dah kenal sangat dgn ‘mythomania’ kerana kamu masih berbohong dgn diri sendiri yg kamu ni PM Zimbabwe, tapi sebenarnya jawatan PM Zimbabwe tidak wujud lagi sejak 10 tahun yang lalu bila perlembagaan Zimbabwe diubah.

      Like or Dislike: Thumb up 34 Thumb down 1
    • DonkeyKong on Oct 07, 2023 at 5:40 am

      Good description of the Uranus Asstronaut, but also a perfect description of Kutty and the Pujawang gang.. truly, these men are cut from the same cloth

      Like or Dislike: Thumb up 2 Thumb down 17
      • No wonder you're familiar with.. on Oct 07, 2023 at 3:05 pm

        No wonder you’re familiar with this ‘Uranus Asstronaut, because your name Donkey=ass.

        Like or Dislike: Thumb up 13 Thumb down 1
  • EV enthusiasts on Oct 05, 2023 at 11:53 am

    Hot take: out of all things to complain about Malaysia petrol prices certainly ain’t one of it.

    Like or Dislike: Thumb up 5 Thumb down 5
  • hazri on Oct 05, 2023 at 2:28 pm

    waiting comment from cytro rakyat malaysia, janji dicapati in 1..2..3…

    Like or Dislike: Thumb up 31 Thumb down 32
  • M40...dropping into the economic abyss on Oct 05, 2023 at 5:14 pm

    PMX, listen to the rakyat…not Rafizi n Co.
    Maintain petrol price come 2024.
    Rakyat not out of the covidian woods yet.
    Prices of imported rice,cooking oil,gardenia bread,cooking ingredients etc,tambang bas sekolah all spiralling upwards to the moon.
    Businesses ..,many hardly can break even.
    If still want to increase,increase 10-15sen/litre every 6 months .
    You cant jack up Rm1.50/litre at one go.The backlash will be phenomenal…it may even cause your maiden Madani germen to collapse.
    Whats the point of being M40,with 6-8 schooling kids..when u can hardly breathe each month..if we ended up being denied fuel subsidy.
    Remember,KJ’s father in law…jacked up to RM2.70/litre..within 2 weeks sharp u turn…cos of massive backlash.
    Listen to the woes of the rakyat,PMX…if u want another term at GE16.

    Like or Dislike: Thumb up 11 Thumb down 4
  • Phuddi sung Lee on Oct 05, 2023 at 5:48 pm

    All jokers from A party to N party, once come to power have all facts and figures same when in opposition justify the figures as wrong and present their theories so when comes to power Give justifications to proof that what they present is correct and they make rakyat continues fool, and it wll never ending stories till dooms day come

    Like or Dislike: Thumb up 14 Thumb down 0
  • janji kosong saja yang pandai!

    Like or Dislike: Thumb up 3 Thumb down 5
  • Dominic on Oct 05, 2023 at 8:08 pm

    PMX forgot he and rafizi said this in 2022, before election.

    https://www.malaysianow.com/news/2023/10/04/but-you-said-it-last-year-anwars-response-to-attacks-over-cheaper-fuel-pledge-backfires

    Like or Dislike: Thumb up 4 Thumb down 3
  • Syaiful Nizam Hassan on Oct 05, 2023 at 8:10 pm

    Try reduce 5 cents of RON95 petrol price to RM2 for 1 month. If success, extend to 1 year. If success again, reduce 10 cents again to RM1.90. That’s all!

    Like or Dislike: Thumb up 1 Thumb down 21
    • How your idea will be successful on Oct 06, 2023 at 1:48 pm

      Your idea will be successful when you personally take over the more than RM1 trillion debt from the government.

      Like or Dislike: Thumb up 18 Thumb down 3
  • Mohong sokmo on Oct 06, 2023 at 8:12 am

    Do you think increase fuel for high income group and reduce price for low income group will help low income group? A BIG NO. All business owner is the high income group. They will transfer the cost to consumer. A big inflation coming !!!

    Like or Dislike: Thumb up 4 Thumb down 20
    • There should still be subsidised fuel for commercial vehicles on Oct 06, 2023 at 1:44 pm

      There should still be subsidised fuel for commercial vehicles that transport goods. So if high income business owners want to use unsubsidised fuel as excuse to increase prices, they’ll have to explain to the government, the same way Gardenia was asked to when it recently increased prices of some of its products.

      Like or Dislike: Thumb up 19 Thumb down 0
  • Mike Tee on Oct 06, 2023 at 4:11 pm

    The parent who does what is good and needed for the child is always the hated one. The parent who spoils the child brings up, surprise, a spoilt child

    Like or Dislike: Thumb up 11 Thumb down 3
    • DonkeyKong on Oct 07, 2023 at 5:47 am

      What about the parent who compulsively lies constantly to give false hope to their children and always make empty promises.. and to make themselves look good, they lie about others until the children hate the other person without even knowing them?

      That is called a useless tokok parent. And the child is called a moron.

      You can see these parents at the helm now and the children are those who used to wear yellow shirts and rolled on the streets, and those who were protesting against imaginary mutants and nuclear explosions

      Like or Dislike: Thumb up 3 Thumb down 11
      • Ex student School of Penunggang agama sesat on Oct 08, 2023 at 9:47 am

        The worst was past hideous Plan to plant racism & extremism politik into Pasti nursery schools in the name of religion.. LOLzz

        Like or Dislike: Thumb up 1 Thumb down 0
  • sembang kari lah podaaahhhhh dulu BN ke PN pun kasi alasan yg sama kau hantam jugak takde sedap minyak tak boleh turun bila harga minyak dunia tinggi. Keuntungan yg kita dapat boleh digunakan utk turunkan harga.

    Like or Dislike: Thumb up 1 Thumb down 0
  • Seitha on Oct 10, 2023 at 3:52 pm

    Jika subsidi minyak tak boleh… kasi turun toll la…at least dapat offset apa yang kita belanja utk minyak

    By the way bila nak potong gaji dan elaun CEO PLUS, ceo TNB, CEO TM???

    Like or Dislike: Thumb up 0 Thumb down 0
  • Seitha on Oct 10, 2023 at 4:11 pm

    JANJI DICHAPATI!!…

    NEVER TRUST ANY POLITICIAN WHEN THEY ARE FIGHTING FOR POWER!

    Like or Dislike: Thumb up 0 Thumb down 0
 

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