Gov't removes maximum price for RON95 and diesel?
The government appears to have removed an order stipulating for the ceiling price for petrol and diesel.
A revocation order was gazetted on June 3 to nullify an order gazetted on Feb 21 that stipulated the maximum prices for the fuels.
The government appears to have removed an order stipulating for the ceiling price for petrol and diesel.
A revocation order was gazetted on June 3 to nullify an order gazetted on Feb 21 that stipulated the maximum prices for the fuels.
The revocation order was approved by Domestic Trade and Consumer Affair Minister Alexander Nanta Linggi on April 10.
The gazettes had previously been updated every week up until Feb 21.
The Pakatan Harapan government, which capped RON95 and diesel prices at RM2.08 and RM2,18 respectively, was toppled on Feb 24.
Malaysiakini has contacted the Finance Ministry and the Domestic Trade and Consumer Affairs Ministry for comment.
Fuel prices had fallen significantly since February due to the Covid-19 pandemic.
De facto Economy Minister Mustapa Mohamad said the government loses RM300 million for every US$1 drop in oil per barrel prices.
At present, pump prices for RON95 and diesel are RM1.48 and RM1.63 respectively.
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