Tun M: Fuel Prices To Remain. We Will Subsidise If Necessary
The previous government had set the fuel prices on a weekly basis.
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Prime Minister Tun Dr Mahathir said in a press conference earlier today, 16 May, that the current fuel retail price will not change
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Image via Wanista
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"No longer up and down, the present (market) rate will stay. The government will subsidise if there are insufficiencies," he said as quoted by Malaysiakini.
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For the past seven weeks, the price of RON95 remained at RM2.20 per litre, RON97 at RM2.47 per liter, Diesel at RM2.18 per litre, and Euro 5 Diesel at RM2.28 per litre
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Image via Hype
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The previous government helmed by Barisan Nasional (BN) had adjusted the fuel prices on a weekly basis, as calculated based on regional benchmark prices. The fuel system was implemented on 30 March last year.
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You can watch bits of the interview here:
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Mahathir talks about fuel prices from 1:04 onwards.
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The controversial Goods and Services Tax (GST) will be zero-rated starting June 2018:
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Catch up on more post-GE14 stories on SAYS:
