In a move that’s sure to please many, the Prime Minister has announced a price reduction for RON95 petrol to RM1.99 per litre, effective soon.
This subsidised rate will apply exclusively to Malaysian citizens. Foreigners will have to pay the market price for petrol. More details regarding the targeted subsidy mechanism for RON95 will be announced by the government at the end of September.
Here’s a quick summary:
🔹 RON95 petrol price capped at RM2.00 per litre
🔹 Subsidy limited to Malaysian citizens only
🔹 Over 18 million Malaysian drivers to benefit directly
🔹 The fuel subsidy rationalisation programme is ongoing, but measures will be taken to protect low-income groups from any adverse impact
