KOTA KINABALU: The Madani government will maintain petrol and diesel subsidies despite rising global oil prices caused by Middle East tensions.
Minister in the Prime Minister’s Department (Sabah and Sarawak Affairs), Datuk Ts Mustapha Sakmud, said Malaysia continues to absorb the gap between market prices and subsidised rates, with RON95 petrol at RM1.99 per litre versus an estimated market price of RM2.67.
“The government currently spends about RM3.2 billion monthly on petrol and diesel subsidies — RM2 billion for RON95 and RM1.2 billion for diesel. This shows our commitment to shielding the people from global economic shocks,” he said.
Diesel subsidies in Sabah and Sarawak will also continue to prevent sharp increases in transportation and living costs.
Compared with neighboring Asean countries, he said, Malaysia still offers some of the lowest petrol prices, while citizens are urged to use subsidies responsibly and remain united amid uncertainty.