MALAYSIA’S RON95 petrol prices are still the cheapest among Asean countries following the recent price adjustments of the fuel subsidy rationalisation programme, the Finance Ministry said.
Its deputy minister Datuk Donald Lim Siang Chai said the price of RON95 per litre in Malaysia is RM1.90, compared to RM4.13 in Thailand, RM5.15 (Singapore), RM3.37 (Indonesia) and RM5.81 (The Philippines).
“The Government’s measures ensure that any increase in price will not hurt the people even after a cut in subsidies,” he told Datuk Bung Mokhtar Radin (BN-Kinabatangan).
Lim was asked to state the steps taken to reduce the impact of the Government’s economic rationalisation programme.
He added that the Government had considered the financial impact of the petrol and diesel subsidies and ensured that the rationalisation exercise would not have a serious impact on the country’s revenues.
“The first rationalisation programme of RON97 fuel price on July 16 last year resulted in RM700mil in savings. In December last year, the RON95 price was adjusted, which saved the Government some RM1bil,” he told Saifuddin Nasution (PKR-Machang).
The Government also increased its petrol and diesel subsidies allocations from RM9.6bil in 2010 to RM15.9bil this year.
（http://thestar.com.my/news/story.asp?file=/2011/11/2/parliament/9816955&sec=parliament）
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