No Cabinet decision to remove price cap of RON95
Published on: Thursday, April 25, 2019
By: Bernama
PUTRAJAYA: The Cabinet has yet to make a final decision on the removal of the cap on the price of RON95 petrol, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said.
Referring to media reports on his statement on the removal of the price cap for the fuel, he said in a statement that RON95 petrol is now capped at RM2.08 per litre as a government measure to protect the people from being exposed to a high and volatile petrol price.
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He also said that stabilising the retail price of fuel and implementing a targeted subsidy are commitments stated in the Pakatan Harapan (PH) manifesto for the 14th general election and not setting the retail price of RON95 petrol at RM1.50 as viralled in the social media.
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