Capping of RON95, diesel prices major achievement
Published on: Sunday, May 12, 2019
By: Bernama
KUCHING: The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) successfully suspending the floating of RON95 and diesel prices and capping them at RM2.08/litre and RM2.18 /litre respectively was a significant achievement with the first year of the Pakatan Harapan administration, said its Deputy Minister Chong Chieng Jen.
“Otherwise, currently RON95 should be RM2.51/litre and diesel RM2.48/litre. For this capping, the government is subsidising the people RM133 million per week,” Chong, who is also Sarawak PH Chairman, told a media conference in conjunction with the one year anniversary of the PH government, here.
ADVERTISEMENT
He said the government also spent RM2 billion a year to subsidise the use of purple liquefied petroleum gas (LPG) cylinders so that the price is maintained at RM26.60 for a 14-kg cylinder.
Otherwise, the price would be around RM56 for a 14-kg cylinder, said Chong, who is also Sarawak DAP Chairman.
Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
