Govt feels the heat as more switch to subsidised fuel

So, this targeted subsidy thing…

Dateline 2022-06-24, FMT:

Even those who can afford luxury cars are feeling the pinch of a rise in prices at the pump.

More than 90% of vehicle owners who regularly used RON97 petrol have switched to the cheaper RON95.

The trend is not expected to reverse anytime soon with costs of other essentials and food also rising.

Petrol Dealers Association Malaysia president Khairul Annuar Aziz said most petrol dealers were selling upwards of 2,000 litres of RON97 per month previously. “Now we are making do with just 200 litres,” he told FMT Business.

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