Malaysia: Trade Minister Update of RON95 Implementation
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Saturday, 05 September 2009 |
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Domestic Trade, Co-operative and Consumerism Minister Datuk Seri Ismail
Sabri Yaakob said that prior to the introduction and price increase on
1st September, only 1,445 out of 3,500 petrol stations nationwide
carried RON 95 petrol which cost RM1.75 per litre compared to RON97
which was sold at RM1.80 per litre.
He said most consumers would not be affected as they are paying the
same price for petrol per litre, except they are now buying RON95
instead of RON97 which has been upgraded to become a premium product
and sold at RM2.05 per litre. The RON95 petrol is suitable for all
types of vehicles and available nationwide.
Its introduction is in line with the phasing out of the cheaper RON92
petrol which accounted for only 5% of petrol sales in the country.
Ismail Sabri said the public was upset with the five sen increase
because they were confused and did not realise that they are still
paying the same amount for their petrol. “The Government continues to
subsidise petrol and spends RM304mil a month on this. I hope
irresponsible parties would not take the opportunity to spark anger and
confusion among the people over this issue as we have not actually
increased the petrol price,” he said.
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