RON97, diesel up by three sen
Meanwhile, the price of RON95 remains unchanged at RM2.05 per litre.
In a statement today, the Finance Ministry (MOF) also announced that during the same period, the retail price of diesel in Sabah, Sarawak, and Labuan remains at RM2.15 per litre, while in Peninsular Malaysia, it rises by three sen from RM2.88 to RM2.91 per litre.
MOF said the price adjustments are based on the weekly retail pricing of petroleum products, using the Automatic Pricing Mechanism formula.
"The government continues to monitor market trends and adjust the retail prices of RON97 and diesel in line with global oil price movements, while supporting price stability," the statement read.
MOF added that the government will also take appropriate measures to safeguard the welfare and well-being of the people.
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New Straits Times
11 hours ago
- New Straits Times
PM: Not easy to reduce price of petrol even by six sen
JITRA: Prime Minister Datuk Seri Anwar said it is not easy for the government to reduce the price of RON95 fuel even by six sen as it has to take into account the wider financial implications to the country. Anwar, who is also the Finance Minister, said as a result, he needed several days to assess and study in detail before eventually announcing it to the public on Wednesday. "We reduced the price of petrol to RM1.99. Yes, countries like Thailand and Singapore had done so earlier, but ours is even lower. This is for all Malaysians. "It's okay if you're not grateful or you disagree with it, but it's not easy. That's why we needed several days to make the calculations, so do not trivialise this. They say it's just six sen, but they're not listening to the explanation," he said. Anwar was speaking at the National Anti-Drugs 2025 celebration at Dataran Darulaman here today, which was attended by around 6,000 people. The prime minister said some quarters had also questioned why the government did not offer subsidies to foreigners. He said this was because they do not pay tax to the government. "I find it odd when the Opposition asks why we are burdening foreigners, as they contribute to the country too. I struggle to think of any country in the world where foreigners are accorded the same treatment as citizens," he said. Anwar said some also questioned the one-off RM100 aid under the Sumbangan Asas Rahmah (SARA) programme to all Malaysians aged 18 and above. "The RM100 is an additional allocation from the initial RM13 billion to RM15 billion. Husbands and wives will each get RM100, and if they have children who are above 18, they get it too," he said. At the same time, Anwar said the deferment of the toll hike also meant that the government would assume financial implications of up to RM500 million. "Based on the agreement, toll rates must go up this year. I didn't make that agreement. The ones (administrations) before did that. "If the government does not want to (increase the toll rates), then it must pay. But this government does not want to burden the people. If you don't feel like saying thank you, at the very least don't condemn me," he said.
Free Malaysia Today
12 hours ago
- Free Malaysia Today
Cutting RON95 price by 6 sen was not easy, says Anwar
Prime Minister Anwar Ibrahim said those who are unhappy over the 6 sen reduction in RON95 petrol 'didn't hear the full explanation'. PETALING JAYA : It was not easy for the government to decide to slash the price of RON95 petrol, even if only by six sen, says Prime Minister Anwar Ibrahim. Anwar, who is also the finance minister, said consideration of the financial implications was why he needed time to deliberate before announcing the price reduction from RM2.05 to RM1.99 per litre on Wednesday. 'Countries like Thailand and Singapore may have adjusted their prices earlier, but ours is still lower, and this is for the benefit of Malaysians. '(You) want to be ungrateful or disagree, it's okay, but please know that this was not an easy decision. 'Some say it's just a six sen difference, but they have not heard the full explanation,' Bernama reported him as saying at the 2025 National Anti-Drugs Day celebration at Dataran Darulaman in Kedah today. Yesterday, opposition leader Hamzah Zainudin said the government's move to lower the price of RON95 petrol to RM1.99 per litre towards the end of the year is 'not thanks to Anwar Ibrahim per se'. Hamzah said the government can only afford to do this because oil prices are dropping globally, adding that many other countries in the region, including Thailand, have lowered their petrol prices over the past few weeks. Anwar also addressed criticism over the government's decision not to extend fuel subsidies to foreign nationals, reiterating that foreigners do not pay taxes. 'I'm puzzled when the opposition says we are burdening foreigners, claiming they too contribute to the country. I don't understand. In what part of the world are foreigners treated the same as citizens?' he said.
Malay Mail
13 hours ago
- Malay Mail
Fuziah: Govt to monitor petrol stations closely as RON95 subsidy revamp looms
ALOR SETAR, July 25 — Proactive monitoring will be carried out at all petrol stations to prevent any misuse in the purchase of subsidised RON95 petrol by consumers when the petrol subsidy rationalisation exercise is implemented, said the Deputy Domestic Trade and Cost of Living Minister, Datuk Dr Fuziah Salleh. She said the ministry is anticipating various possibilities that will require enforcement officers to be more vigilant during inspections. '…KPDN has already considered all these possibilities. For instance, a single MyKad is being used repeatedly. These are among the issues we are aware of and are looking into ways to address,' she said after taking part in an Op Kesan 4.0 inspection at a supermarket here today. She said the use of MyKad ensures that Malaysians enjoy subsidies and allows the government to track any unusual purchases or instances of RON95 petrol being pumped beyond the allowable limit for a single vehicle. Fuziah said purchase records can help the authorities detect unusual fuel transactions, enabling action to be taken, stressing that KPDN will remain vigilant in identifying any instances of leakage or misuse. '…it won't be possible to make excessive purchases, as we can detect if a MyKad is being used repeatedly, morning, noon, and night, based on the records in the system,' she said. On the Op Kesan 4.0, which was launched following the revision of the sales tax rates and the expansion of the service tax (SST) rates effective July 1, Fuziah said 950 premises were inspected, involving 3,965 stock-keeping units (SKUs) nationwide. Of that number, 950 price information notices were issued under Section 21 of the Price Control and Anti-Profiteering Act 2011 (Act 723), she said, adding that 23 complaints were received for further investigation. Op Kesan 4.0 aims to prevent traders from taking advantage by raising prices unreasonably or engaging in profiteering under the pretext of the SST adjustments. — Bernama
