The second finance minister responds to a bank’s claim that unless the RON95 petrol price is increased by 32 sen by July 1, the government cannot achieve its target savings.
Read More: https://www.freemalaysiatoday.com/category/nation/2024/06/12/targeted-diesel-subsidy-the-priority-now-ron95-later-says-amir-hamzah/
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Read More: https://www.freemalaysiatoday.com/category/nation/2024/06/12/targeted-diesel-subsidy-the-priority-now-ron95-later-says-amir-hamzah/
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NewsTranscript
00:00The government will first focus on the implementation of the targeted diesel subsidy before looking
00:20into the RON95 petrol subsidy.
00:24Without committing to a specific timeline, Second Finance Minister Amir Hamzah Aziz Ansid
00:29Putrajaya planned to first see through the rollout of the targeted diesel subsidy.
00:33Amir was commenting on Maybank Investment Bank's indication that the RON95 petrol prices
00:38need to go up by 32 cent per litre from July 1st to achieve 4.1 billion ringgit in savings.
00:46The ceiling price for the RON95 petrol is currently maintained at 2.05 ringgit per litre.
00:52On Monday, the price of diesel was raised from 2.15 ringgit per litre to 3.35 ringgit
00:57but only in West Malaysia.
01:01Dhanushwaja Reza, FMT News.