By DayakDaily Team
KUCHING, July 23: Prime Minister Datuk Seri Anwar Ibrahim has announced that the government will implement a targeted subsidy for RON95 petrol, lowering the price to RM1.99 per litre for eligible Malaysians.
“The government will proceed with its plan to target RON95 petrol subsidies, with full details to be announced by the end of September 2025.
“What is certain is that, similar to the targeted approach for electricity subsidies, the government assures that ordinary citizens will not be affected. In fact, we are pleased to announce that the price of RON95 petrol will be reduced for the people.
“Once the targeted RON95 subsidy is implemented, Malaysians will enjoy a lower RON95 petrol price of RM1.99 per litre,” he said during a special announcement broadcast live on local television this morning (July 23).
Anwar added that the subsidy will benefit approximately 18 million drivers and motorcyclists, including youths as young as 16 and gig economy workers.
“This targeted approach aligns with the government’s efforts to optimise national resources for the benefit of the people and to curb subsidy wastage.
“For 2023 and 2024, RON95 petrol subsidies alone were estimated to cost nearly RM20 billion annually. Although global oil prices have declined this year, the unsubsidised price of RON95 petrol remains around RM2.50 per litre, significantly higher than the subsidised rate enjoyed by Malaysians.
“At the same time, foreign nationals will be required to pay the full market price without subsidies.”
The Prime Minister further highlighted that the government is committed to targeting national subsidy spending so that ordinary citizens continue to enjoy subsidies while addressing leakages to those who are not eligible.
Anwar noted that the restructured electricity tariff came into effect in July 2025.
“Although irresponsible parties have claimed that electricity bills have increased following this restructuring, the fact is 85 per cent of domestic users saw a decrease in their July 2025 electricity bills for the same usage compared to the first half of 2025, by up to 14 per cent,” he said. — DayakDaily
