High income earners could be removed from fuel subsidy list, says ministry official

IPOH: The gradual rollout of the government’s fuel subsidy retargeting plan may soon see the top 15% income group (T15) excluded from receiving the Budi Madani RON95 (BUDI95) subsidy. This is in line with efforts to ensure a smoother transition, says Muhammad Kamil Abdul Munim. Muhammad Kamil, who is the political secretary to the Finance Minister, said...

Budi95: 300l sufficient for monthly usage, covers about 170km a day, says Amir Hamzah

BALIK PULAU: The allocation of 300 litres per month of subsidised RON95 is deemed sufficient for a vehicle’s monthly usage, says Datuk Seri Amir Hamzah Azizan. The Finance Minister II said based on studies conducted, it was found that 300l represents the average consumption, as it covers about 170km of daily commuting for cars in that...

Anwar questions double standards over water tariff hikes

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has questioned the double standards of critics who remain silent when Opposition-led states raise water tariffs, but attack the Federal Government over similar policies. He said the Federal Government had no objection to the increases, as there were valid reasons behind them. “The state governments wrote to the minister...

PM’s people-first approach paying off for Bornean states, says Sabah PKR

KOTA KINABALU: Prime Minister Datuk Seri Anwar Ibrahim’s special announcement on Wednesday (July 23) is a people-centric approach that is starting to yield tangible results for Sabah and Sarawak, says Sabah PKR. Its chief Datuk Mustapha Sakmud, in welcoming Anwar’s Madani agenda, said these initiatives are aimed at easing the cost of living and fostering national...

Fuel prices July 10-16: Diesel up 3sen, RON95, RON97 unchanged

KUALA LUMPUR: The retail price of diesel in Peninsular Malaysia will be increased by 3sen per litre from July 10 to 16. The Finance Ministry, in a statement Wednesday (July 9) said the retail price of diesel would go up to RM2.88 per litre in the peninsula. The price of diesel would, however, remain at RM2.15 per...

RON95 subsidy rationalisation: Low-income group will not be affected, says PM

SHAH ALAM: Prime Minister Datuk Seri Anwar Ibrahim on Friday (March 28) stressed that the proposed implementation of subsidy rationalisation for RON95 petrol will not affect the low-income group. As such, he said the public should not fall for dubious information spread by irresponsible parties because the petrol rationalisation was not implemented to affect the majority...

MyKad to play central role in targeted RON95 subsidy implementation, says Amir Hamzah

KUALA LUMPUR: A two-tier system involving the use of MyKad is likely to be adopted when the targeted RON95 subsidy is implemented this June, says Datuk Seri Amir Hamzah Azizan. While the Finance Minister II did not want to divulge details about the mechanism, he hinted that the MyKad may be used by those eligible for...

Fuel prices Jan 9-15: RON97 and diesel up 5sen, RON95 unchanged

KUALA LUMPUR: The retail prices for RON97 petrol and diesel will go up by 5sen per litre from Jan 9-15. The Finance Ministry, in a statement on Wednesday (Jan 8), said the retail price of RON97 petrol would increase 5sen from RM3.28 to RM3.33 per litre. The price of diesel in Peninsular Malaysia will go up by...

Two-tiered pricing system to be implemented for RON95 petrol, says Rafizi

PUTRAJAYA: A two-tiered pricing system is expected to be implemented for RON95 petrol subsidies, says Economy Minister Rafizi Ramli. However, the specific mechanism for this system will be decided at a later date, as the government is still in discussions with various stakeholders, including the Petrol Dealers Association. “Previously, we considered providing cash payments to families, but...

Fuel prices Sept 19-25: RON97 petrol, diesel in peninsula down six sen

KUALA LUMPUR: The retail prices of RON97 petrol and diesel in Peninsular Malaysia will drop by six sen to RM3.19 and RM2.95 per litre respectively, from Sept 19-25. The Finance Ministry, in a statement on Wednesday (Sept 18), said that the drop in prices for RON97 petrol and diesel in the peninsula is in line with...