PUTRAJAYA: The cap on the price of RON95 petrol may be removed once the government subsidy, which is expected to be limited to recipients of the Bantuan Sara Hidup (BSH), comes into effect. In February, the government announced that the price of RON95 petrol would be capped at RM2.08 for all users regardless of any increase in global oil prices. “We could remove the cap once the targeted subsidies come into effect, or we could maintain it. It was reported that the government was looking at introducing a targeted petrol subsidy to benefit BSH recipients, and banking in money directly into the accounts of those eligible each month. “The savings we get from this more efficient form of disbursement can be used to enable more Malaysians to enjoy the petrol subsidy – particularly the M40 group (middle 40%).

Source: The Star April 22, 2019 23:26 UTC