Non-subsidised RON95 retail price at RM2.60 per litre throughout October – Amir Hamzah - video Dailymotion

The Star

Finance Minister II Datuk Seri Amir Hamzah Azizan on Tuesday (Sept 30) said the RON95 retail price without subsidy will be set at RM2.60 per litre throughout October and will be reviewed in November every week, similar to RON97 and diesel, 5 in line with global oil fluctuations.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00So today what we have is the rollout of the Budi 95.

00:05We started on Saturday with police and army.

00:10Then we moved on on Sunday where we opened it up to STR.

00:15And for Saturday, Sunday and Monday,

00:20we already had close to 1.5 million users who enjoyed the lower price.

00:26It was a promise that was made by the Prime Minister at RM1.99.

00:31And today, it has now been opened to the rest of rakyat Malaysia

00:36yang layak.

00:37The ones that actually are above the age of 16,

00:41have a driving license which is valid.

00:43And they are entitled to use because with the driver license,

00:46they can drive.

00:47So if they need to drive, then they have a car or a motorcycle.

00:50So they need some substance use.

00:52And we've done that.

00:53At the same time, we are reducing or removing the subsidy to people

00:58who are not eligible.

01:00This includes warga asing that are here,

01:04people who are in the commercial sector that don't get support along the way.

01:09Then they are supposed to pay a market rate.

01:11So the government no longer provide subsidy on that size.

01:13And that's where savings as we're looking at in terms of fiscal deficits.

01:18And that's where savings can be reused back again in terms of improving infrastructure

01:23that exists for the country.

01:25So for the moment, our focus is make sure the rollout

01:28berjalan dengan lancar.

01:30So Alhamdulillah so far, Alhamdulillah it's moving well.

01:34I think when we announced the price last night,

01:36we said that the starting price for the market price was set at 260.

01:42We will keep the 260 stable for one month

01:45to get everybody comfortable with this price.

01:48Then after that, like diesel, we move it every week.

01:51And that moving every week will follow the APM mechanism,

01:54which is based on what the market price actually is on the global basis

01:58because we have to source also product elsewhere.

02:00Yeah.

02:01And if the prices go up, it go up.

02:03If the prices go down, it goes down.

02:05Similar to what we've seen in diesel.

02:07When we first rolled out diesel,

02:09it was at 3 ringgit 35 cents per liter.

02:11Today it's still at about 2 ringgit 93 cents per liter.

02:15It has reflected the dropping of oil price.

02:18To be fair.

02:20Alright.

02:21Terima kasih.

02:28I'm sorry.

02:29I'm sorry.

02:30I'm sorry.

02:31I'm sorry.

02:32I'm sorry.

02:33I'm sorry.

02:34I'm sorry.

02:35I'm sorry.

02:36I'm sorry.

02:37I'm sorry.

02:38I'm sorry.

02:39I'm sorry.

02:40I'm sorry.

02:41I'm sorry.

02:42I'm sorry.

02:43I'm sorry.

02:44I'm sorry.

02:45I'm sorry.

02:46I'm sorry.

02:47I'm sorry.

02:48I'm sorry.

02:49I'm sorry.

02:50I'm sorry.

02:51I'm sorry.

02:52I'm sorry.

02:53I'm sorry.

02:54I'm sorry.

02:55I'm sorry.

02:56I'm sorry.

Non-subsidised RON95 retail price at RM2.60 per litre throughout October – Amir Hamzah

Category

Transcript

Be the first to comment

Recommended