NO MORE RON95 Petrol And Diesel Subsidies Starting 1 December
The retail price for these two fuels will be decided by a managed float.
By Sadho Ram — 21 Nov 2014, 03:32 PM — Updated over 9 years ago
Putrajaya Has Announced All Subsidies For RON95 Petrol And Diesel Will Be Stopped Beginning 1 December 2014
#BREAKING: Putrajaya just announced it will abolish subsidies for RON95 petrol and diesel beginning 1 December 2014. pic.twitter.com/W5HGmuVoRN
— Latest on SAYS (@saysdotcom) November 21, 2014
The announcement was made by Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek on Friday
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.
thestar.com.my"RON95 and diesel prices from Dec 1 will depend on oil prices in the global market during November," he added, according to Bernama.
