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RON95 petrol price to stay until June next year, says minister

Pelan jangka sederhana, panjang tangani banjir dimuktamad dalam RMK11

Datuk Ahmad Maslan (pic) today denied any petrol subsidy rationalisation exercise, saying the price of RON95 petrol is likely to stay at RM2.30 a litre until June next year.

The deputy finance minister was quoted by Bernama as saying that any petrol subsidy rationalisation exercise was unlikely until the Ministry of Domestic Trade, Cooperatives and Consumerism implemented the targeted fuel subsidy mechanism in June 2015.

"The system is still under study. Until now, what I know of is that the system which is to be implemented will use the MyKad," he told reporters after launching the National Tax Seminar in Kuala Lumpur, today.

Bernama quoted him as saying that the system would be implemented next January for subsidised diesel as recently announced by the ministry's secretary-general. – October 21, 2014.