KUALA LUMPUR, April 10 (Bernama) -- The government has created a buffer by maintaining targeted subsidies for RON95 and diesel at fixed prices, while aligning the prices of non-subsidised fuel with market rates to shield the public from the direct impact of the global energy crisis.
Finance Minister II Amir Hamzah Azizan said the measure is crucial to protect critical sectors, including fishermen, public transport and eligible logistics vehicles, which continue to enjoy diesel at controlled rates.
“Critical sectors that still benefit from subsidised diesel, such as fishermen, continue to receive diesel at RM1.65.
“For land public transport vehicles, including school and express buses, ambulances and fire engines, the price is RM1.88 per litre, while eligible logistics vehicles and users in Sabah and Sarawak pay RM2.15 per litre,” he said at a global energy crisis briefing today.
He said current global price pressures stem from low supply relative to high demand, security threats, as well as rising shipping and insurance costs.
“Critical sectors that still benefit from subsidised diesel, such as fishermen, continue to receive diesel at RM1.65.
“For land public transport vehicles, including school and express buses, ambulances and fire engines, the price is RM1.88 per litre, while eligible logistics vehicles and users in Sabah and Sarawak pay RM2.15 per litre,” he said at a global energy crisis briefing today.
He said current global price pressures stem from low supply relative to high demand, security threats, as well as rising shipping and insurance costs.