Monday, March 26, 2012
Global rise in oil prices has pushed up the subsidy for RON95 petrol by 10sen to RM1.03 per litre in March, said Domestic Trade and Consumerism Minister Datuk Seri Ismail Sabri Yaakob on Tuesday.
The pump price of RON95 will remain at RM1.90 per litre.
"Since the world price of petroleum has increased, the government had to increase the subsidy to ensure the people are not burdened by its side effects," he said here Tuesday.
The last time the RON95 price was reviewed was in December when the pump price was raised from RM1.85 per litre to RM1.90.
Prime Minister Najib Tun Razak promised in late February that the price of RON95, widely used by motorists, wo