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.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: