NO MORE RON95 Petrol And Diesel Subsidies Starting 1 December

The retail price for these two fuels will be decided by a managed float.

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Putrajaya Has Announced All Subsidies For RON95 Petrol And Diesel Will Be Stopped Beginning 1 December 2014

The announcement was made by Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek on Friday

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The Domestic Trade, Cooperatives and Consumerism Minister, who announced this at a press conference here on Friday, said the retail prices for RON95 petrol and diesel will be fixed according to a managed float, similar to the mechanism dictating the RON97 petrol price.

"RON95 and diesel prices from Dec 1 will depend on oil prices in the global market during November," he added, according to Bernama.

Sad penguin is now...

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