RON 95 to stay at RM1.99 per litre even if fuel subsidy bill hits RM45 billion a year – PM Anwar

Speaking at the Sentuhan Kasih Madani programme and the launch of the National Cost of Living Action Plan 2030 at the Hang Jebat Sports Complex in Krubong, Melaka, Anwar said global crude oil prices have risen to around US$120 to US$130 per barrel from about US$70 previously, and that the government is prepared to absorb the resulting increase in subsidy costs rather than pass it on at the pump.

"It is better for the government to bear the burden than to burden the people, our parents," he said. Charging market prices for petrol would cost ordinary Malaysians an extra RM2 to RM3 a day, at least RM5 for some, and around RM10 a day for those who have to drive to work and send their children to school, the prime minister said.

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