No decision yet on axing RON95 price cap, says Saifuddin

PUTRAJAYA: The Cabinet has yet to make a final decision on the removal of the price cap on RON95 petrol, Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail said today.

Referring to media reports on his statement regarding the removal of the price cap, he said RON95 petrol had been capped at RM2.08 per litre as a government measure to protect the people from being exposed to a high and volatile petrol price.

In a statement, he said Pakatan Harapan’s commitments in its election manifesto were to stabilise the retail price of fuel and implement a targeted subsidy, not to set the retail price of RON95 petrol at RM1.50 as claimed on social media.

Saifuddin said measures to stabilise the retail price of fuel have been implemented, adding that the government is committed to implementing the targeted subsidy so that only the needy and eligible benefit from it.

“The government is always open to proposals from the people on the implementation of this targeted subsidy so that the intentions and objectives behind this policy are achieved,” he said.