RON95 remains at RM1.99 per litre, supply in country sufficient until May, says Anwar

KUALA LUMPUR (March 11): The price of subsidised RON95 petrol under the BUDI MADANI RON95 (BUDI95) initiative will remain at RM1.99 per litre despite significantly higher market prices following the conflict in West Asia, Prime Minister Datuk Seri Anwar Ibrahim said.

He said Malaysia’s petroleum supply remains stable, and a review with Petronas found that the country’s petroleum product supply is sufficient at least until May.

“This is certainly different from the situation in many other countries. That is why I often emphasise the importance of governance, efficient management, integrity and professionalism. We will continue to face these challenges while focusing on safeguarding the interests and welfare of the people.

“The government must ensure that the people are protected from the full impact of rising oil prices, which would also affect the cost of other essential goods. That is why I have informed the Cabinet of the decision to set the BUDI95 price at RM1.99 per litre.

“…even though market prices are much higher and the actual price is far higher, especially compared with prices in neighbouring countries, which are three times higher,” he said at a special press conference on the latest developments in the West Asia conflict today. – Bernama