Govt to consider economic conditions before targeted RON95 subsidy rollout
The government will take into account the economic situation when deciding on the implementation of the RON95 targeted subsidy, said Deputy Economy Minister Hanifah Hajar Taib.
The deputy minister said the subsidy's implementation requires an in-depth evaluation at the cabinet level, including feedback from the relevant ministries.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
5 days ago
- The Sun
Diesel prices in Peninsular Malaysia down by 3 sen
KUALA LUMPUR: The government has decided to reduce the retail price for diesel in Peninsular Malaysia by 3 sen to RM2.77 a litre for the period of May 29 to June 4, in line with changes in global oil prices. The Finance Ministry also announced in a statement today that the retail price of diesel in Sabah, Sarawak and Labuan remain at RM2.15 per litre. Also, the retail price of RON97 and RON95 petrol remain at RM3.10 a litre and RM2.05 a litre. The determination of weekly retail price of petroleum products is based on the Automatic Pricing Mechanism. 'The government will continue to monitor market developments and adjust the retail price of diesel by taking into consideration oil market price movements and to support price stability,' the ministry said. The government will also take suitable measures to ensure the people's welfare and prosperity, it added.
The Star
6 days ago
- The Star
Commercial division to drive PetDag volume growth
PETALING JAYA: Petronas Dagangan Bhd (PetDag), the listed operator of Petroliam Nasional Bhd (PETRONAS) stations nationwide, enters the year with the widely anticipated RON95 petrol subsidy rationalisation to be implemented in the second half of 2025. Analysts were mixed on their views for its outlook following the release of the company's first quarter ended March 31, 2025 (1Q25) results last Friday, with CGS International Securities noting that the RON95 subsidy rationalisation move may impact retail volumes, already suffering from inflationary pressure. It cited that there had been a 2% year-on-year and quarter-on-quarter decline in overall sales volume in 1Q25. The research house maintained a 'reduce' call on the stock with an unchanged target price of RM16.74. While it noted that 1Q25 earnings were broadly in line with its financial year ending Dec 31, 2025 (FY25) estimates, there could be more downward pressure in the second half of 2025. Kenanga Research, which has maintained an 'outperform' call on the stock with an unchanged target price of RM21.20 per share, noted that retail volumes were expected to remain weak in FY25 due to overall cautious consumer sentiment, but this would be offset by the company's optimised cost structure. 'Its commercial division is expected to remain the driver for volume growth in the near term due to healthy demand,' the research house said. TA Research said the top 15% of household income earners would not significantly reduce their consumption despite the RON95 subsidy rationalisation. However, the research house did not discount the possibility that the government might widen the scope of the rationalisation to other income groups, especially in the context of driving the transition to cleaner transportation modes such as electric vehicles and public transportation. TA Research has raised its target price for PetDag to RM19.10 apiece from RM18.20, but maintained a 'sell' call on the stock given the limited upside from current share price levels.
Malaysiakini
7 days ago
- Malaysiakini
PAS MP urges govt rethink its 'vague' subsidy plan
The lack of a clear mechanism raises concerns on how the government plans to implement its RON95 subsidy rationalisation process in a fair manner, said PAS information chief Ahmad Fadhli Shaari. He stressed that while PAS is not opposed to reforms, the opposition party will not stand by initiatives that victimise the rakyat by making them the subjects of economic policy 'experiments'.
