Malaysian prime minister Datuk Seri Anwar Ibrahim has defended fuel prices in Malaysia amid calls for lower fuel prices, and said that the government already spends RM40 billion annually on fuel subsidies, reported The Star.
The administration could not afford to increase the country’s debt, which should not continue to accumulate, the prime minister said. Earlier this month, Anwar said that the government’s spending on petrol and diesel fuel subsidies will approach RM40 billion this year.
“As for fuel prices, I do not know why I keep seeing people on social media saying that I have not lowered fuel prices,” the Malaysian prime minister said.
“They say fuel prices should be reduced to RM1.50 per litre, but I say that when we first proposed RM1.50, petrol in Saudi Arabia cost about 50 sen per litre. Today, petrol in Saudi Arabia costs around RM2.40 to RM2.50 per litre. Saudi Arabia is the largest petroleum producer in the world and has excess production capacity, yet petrol there costs RM2.40 per litre,” Anwar said.
Malaysia imports around 50% of its petroleum needs, yet continues to sell RON 95 petrol at RM1.99 per litre through government subsidies, the prime minister continued, adding that Malaysia’s economy remained in a relatively stronger position than many of its neighbours.
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6 bulan senelum PRN turunkan je jadi 1.49. Biar Zahir pening kepala lepas tu.
6 bulan sebelum PRN turunkan je jadi 1.49. Biar Zahir pening kepala lepas tu.
just reinstate ron91 back with floating price. its far cheaper than rom95. only in bolehland where they created problem, and be hero to solve it. yucks
How to force local refinery plants to blend regular grade petrol? There are happily profiting from blending premium grade petrol now LOL
what dumb gomen this, really PMX no different to previous PM, all just after votes. so pathetic lah. We all common sense fella know this is burden on gomen, just remove the subsidy already. what with all these dumb captain obvious comments?! People don’t care they will want everything free if you allow it so do your job and make the right decision for everyone.
Hari ini menang, esok harga minyak turun !! 10,000 years later “Lowering fuel prices in Malaysia would only make national debt increase with subsidy spending..”
Yeast Real doesn’t wants y’all enjoying cheaper petroleum
calling it subsidy may be correct in terms of terminology but it is a malaysian’s right first and foremost, all malaysian citizen must be able to enjoy this right. Further breakdown by income group and saying top T10/T5 do not deserve this subsidy or rights as a malaysian is a nono. You as government, the people’s slave, must find a way to retain this right. Remember it is a right for malaysians, not privilege.
Then remove subsidies
1MDB one-time debts of RM42 billion that has actually generated over RM51 billion in returns despite financing interests etc. = negara sudah bankrap.
RM40 billion subsidies annually, continuously being spent and raising national debt = negara maju bawah Madani
PMX…You focus on GE 16.If I ask u to lower Ron 95 price to 99sen..r u going to waste time debating? You have so many trojan horses in your Madani compromised govt.Your reforms r way too slow.Thats why Johor is a wake up call.
Sohai punya plan. EV tax more than Petrol car now, so EV IS MORE EXPENSIVE. example: Emas7 is more expensive than X70, eMas5 is more expensive then SAGA. then ask RAKYAT go to buy EV. Where to find so many sohai get scam go to buy EV??? DO NOT BUY EV, IF U BUY EV U SOHAI. why: because petrol car pay lesser tax but enjoy monthly-yearly slowly claim back your paid tax by utilizing petrol subsidy, and sohai EV is no way to claim back your tax still U need to pay more tax than petrol car. THIS TAX POLICY FAILED, SOHAI ONLY GET SCAM BUY EV.