31 May '18, 12pm

RON 97 petrol price to be floated on June 7; subsidies confirmed for cars under 1,300 cc, bikes under 125 cc

The price of RON 97 petrol will be floated according to market prices on June 7, according to a report by The Star . Finance minister Lim Guan Eng confirmed the date via a press conference today, adding that, as promised , RON 95 petrol and diesel prices will be pegged at their current levels at RM2.20 and RM2.18 per litre respectively. Lim said that stabilising fuel prices, part of a raft of measures to return money to Malaysians and boost the “real economy,” will enable citizens to save as much as RM3 billion. UPDATE: The source report incorrectly said that the targeted subsidies for cars under 1,300 cc of engine capacity and motorcycles under 125 cc would be introduced, but this is not the case. The story has been edited to reflect this. The former Penang chief minister however said that the government has decided to postpone some of the 100-day initiatives it pledged i...

Full article: https://paultan.org/2018/05/31/ron-97-petrol-price-to-be-...

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