Malaysia could be removing its price cap for RON95 petrol soon


Dateline 2019-04-23, Business Insider:

A price cap on RON95 petrol in Malaysia could soon be removed, the Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail has reportedly said.

The decision on the price cap will be made when a new petrol subsidy comes into effect, The Star reported on Tuesday (April 23),

This new subsidy is expected to be limited to recipients of the Bantuan Sara Hidup (BSH) 2019, which is a cash aid given to around 4.1 million households in the Bottom 40 (B40) household income group.

 

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