Gov't spending RM100m a week to maintain RON95 prices, says minister

PARLIAMENT | The government has to spend an average of around RM100 million a week to retain the pump price of RON95 at RM2.08 a litre, says Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail.

"On the weekly cost to retain the pump price of RON95 at RM2.08 a litre, the Finance Ministry estimated that RM99.76 million is needed based on the real pump price of RM2.37 a litre for the week between Oct 12 and Oct 18...