PUTRAJAYA: The government has decided to postpone the introduction of the RON95 EURO4M petrol to Jan 1, 2020, according to Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail.
It was originally scheduled to be introduced on Oct 1.
He said the decision came after a series of discussions with petrol companies after Putrajaya was informed that petrol companies needed more time to prepare for the implementation of RON95 EURO4M petrol specification.
“This delay is to ensure the supply would meet the local market demand without affecting the current retail price of fuel.”
Saifuddin said the government had also agreed that the changes in the price of the petrol would also be carried out in stages for six months, starting July 2019, to reduce the impact of changes in retail price for the consumers.
According to him, the introduction of better quality fuel was in line with government efforts to achieve the National Green Technology Policy 2009 in reducing pollution and its impact on health.
“This goal is part of Pakatan Harapan’s 39th manifesto to balance economic development with environmental protection,” he added.