Chong: RON95 price to increase 1-2 sen weekly once Petrol Subsidy Programme starts

A vehicle getting refueled at a petrol station. — file pic. // Photo: Pixabay

KUCHING, Nov 27: The price of RON95 petrol will be increased by one or two sen per week once the targeted Petrol Subsidy Programme (PSP) is implemented starting January next year.

However, Deputy Minister of Domestic Trade and Consumer Affairs Chong Chieng Jen disclosed that Sarawak, Sabah and Labuan will continue to enjoy RON95 subsidy at RM2.08 per litre as PSP would not be implemented in the three regions.

“The ministry has decided to increase the RON95 price by one or two sen per week, until the petrol price reaches the market price.

“The decision to float the petrol price is to ease the cost of living of the people, apart from preventing the price of goods from increasing drastically,” he revealed during the Dewan Rakyat session in Kuala Lumpur today.

According to various national news reports, Chong was responding to additional questions posed by GPS-Kota Samarahan MP Rubiah Wang who wanted to know the ministry’s mechanism to deter price increases after the implementation of the PSP.

Chong also pointed out that the federal government would enforce the Price Control Act to prevent traders from taking advantage after the implementation of the PSP.

Meanwhile, last October, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution revealed that PSP would be enforced only in Peninsular Malaysia and it would benefit 2.8 million people who received government assistance via Bantuan Sara Hidup (BSH), but own vehicles.

Through the new subsidy scheme, eligible recipients will receive between RM48 (motorcycle owners) and RM120 (car owners) every four months. — DayakDaily