Minister says RON95 subsidy nearly RM100m a week at current oil price

Why not subsidise, enforce and improve public transport? I think RM100m a week can go a long way to enforce rules, plus the sweet, sweet money from fines, penalties, product placement, and influencer endorsement.

Dateline 2019-10-15, Malay Mail:

The price ceiling for RON95 petrol required a subsidy of almost RM100 million per week at the prevailing oil price, said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

“Concerning the weekly cost to maintain the price of RON95 petrol at RM2.08 a litre, the Finance Ministry estimates an amount of RM99.76 million is needed to maintain the retail price of RON95,” he said during Question Time at the Dewan Rakyat this morning.


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