Govt Will Assess Economic Factors For Targeted RON95 Subsidy
The government would consider the current economic situation when choosing whether to implement the RON95 targeted subsidy, said Deputy Economy Minister Datuk Hanifah Hajar Taib.
According to the minister, the targeted subsidy's implementation requires a thorough evaluation at the Cabinet level, including feedback from the relevant ministries, given that it is a significant decision for the country.
“We need to look at the economic conditions, and any proposals will first be presented to the Cabinet,” he told reporters after the WE2025: Future in Motion pre-launch event here on Tuesday.
Recently, lawmakers have called on the government to postpone its planned RON95 subsidy rationalization and other fiscal adjustments, such as increased energy prices given the US tariffs on Malaysian imports.
Budget 2025 announced the elimination of RON95 fuel subsidies for the top 15% of income earners starting in mid-2025, a significant move following the mid-2024 float of diesel prices.
Finance Minister II Datuk Seri Amir Hamzah Azizan stated that the government is still refining the implementation mechanism for RON95 subsidies, potentially using a two-tiered pricing system linked to MyKad.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VPG2447
SELANGOR
BSF4609
JOHOR
JYA4043
PULAU PINANG
PRR4557
PERAK
ANW6095
PAHANG
CFC1064
KEDAH
KGA9085
NEGERI SEMBILAN
NEG2172
KOTA KINABALU
SJL2702
KUCHING
QAB5039L
Last updated 15 Jun, 2025
Fuel Price
Petrol
RON 95
RM 2.05
RON 97
RM 3.07
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 2.74
EURO 5 B7
RM 2.94
Last updated 12 Jun, 2025
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