Anwar: Targeted Diesel Subsidy Unavoidable To Save The Country
During the Prime Minister's Department's monthly meeting earlier today, PM Datuk Seri Anwar Ibrahim highlighted the importance of implementing targeted diesel subsidies to protect the nation's interests, despite their unpopularity. He also emphasised the unavoidability of adopting such dramatic measures, notwithstanding the potential for harsh criticism.
He went on to say that previous prime ministers had agreed on the importance of targeted subsidies but lacked the political will to execute them due to the consequences to their political careers. "However, to save the country, we have no choice," added Anwar, who is also the Finance Minister.
Datuk Seri Amir Hamzah Azizan, Finance Minister 2, announced yesterday that starting today, the price of diesel at all retail stations in Peninsular Malaysia will be RM3.35 per litre, up RM1.20 from the subsidized market price based on the Automatic Pricing Mechanism formula's average diesel price in May 2024.
Amir Hamzah had also explained that the diesel price float and targeted subsidies would yield annual savings of RM4 billion, bolstering the country's financial stability in the long term which would benefit the “rakyat”.
This technique will also ensure that fuel subsidies go only to individuals who are eligible, preventing leakages that have historically resulted in considerable losses to the nation. However, for the time being, this subsidy rationalisation will only apply to the peninsula and will not affect Sabah or Sarawak.
Written By
KS
More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well! https://www.linkedin.com/in/kumeran-sagathevan/
JPJ Running Numbers
KUALA LUMPUR
VPM4687
SELANGOR
BSG7422
JOHOR
JYE4396
PULAU PINANG
PRT540
PERAK
ANY6637
PAHANG
CFD340
KEDAH
KGB6229
NEGERI SEMBILAN
NEG6290
KOTA KINABALU
SJL9999*
KUCHING
QAB8347L
Last updated 01 Aug, 2025
Fuel Price
Petrol
RON 95
RM 2.05
RON 97
RM 3.17
-0.04
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 2.91
EURO 5 B7
RM 3.11
Last updated 31 Jul, 2025
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