Return to weekly float for fuel puts oil companies' interests first, says the ex-premier.
Khairuddin Aman Razali says M'sians continue to 'subsidise' the gov't heading into the new year.
BUDGET 2019 | The finance minister had announced that this was for better management and to curb leakages.
Otherwise, the price of RON95 petrol would have gone as high as RM2.50 per litre, he says.
US oil imports, now worth about US$1 billion a month, will be hit by escalating trade war with China.
'Oil prices are too high, OPEC is at it again. Not good!' he tweets.
Council of Eminent Persons chair tells Bernama that fuel subsidy will be a targeted subsidy.
UPDATED 2pm | RON 95 and diesel will be set at RM2.20 and RM2.18 per litre, respectively, while RON97 price to be floated weekly.
The market price now is above US$70 per barrel.
RON95, RON97 and diesel will retail at RM2.20, RM2.47, and RM2.18 per litre yet again.
Prices of RON95, RON97 and diesel remain unchanged since March 22.
The prices remain the same since March 22 despite increasing regional fuel prices.
Reason for discrepancy unclear, but occurs amid speculation that Parliament will be dissolved on Friday.
RON95 and RON97 will retail at RM2.20 and RM2.47 per litre respectively, while diesel goes up to RM2.18.
RON95 and RON97 will cost RM2.20 and RM2.47 per litre, while diesel will be RM2.18 per litre.
RON95 and RON97 will trade at RM2.17 and RM2.43 per litre respectively, with diesel at RM2.13.
RON95, RON97 and diesel will cost 10 sen, 11 sen and 12 sen lesser, starting midnight.
RON95 and RON97 will cost RM2.33 and RM2.61 per litre, while diesel will be RM2.31 per litre.
RON97 and RON95 will cost RM2.56 and RM2.29 per litre respectively, while diesel will be RM2.31 per litre.
'Investor confidence tends to rebound after the general elections,' says UOB's Lim Suet Ling
PM explains that GST is funding programmes and making up shortfall for targeted subsidies.
'Growing unrest in Iran set the table for a bullish start to 2018,' says energy newsletter.
Organisers say a police report will be lodged on the matter this evening.
RON95 and RON97 will cost two sen more while diesel to cost three sen more, effective midnight.