PUTRAJAYA: The government will try to maintain the price of RON95 petrol at the current subsidised level of RM1.99 per litre despite global market uncertainty following the US-Israel attacks on Iran, said Prime Minister Anwar Ibrahim.
Anwar, who is also the finance minister, said Malaysia would be affected by the increase in global oil prices following disruptions to the crucial Straits of Hormuz shipping route, but the government was determined to maintain the subsidised price of RON95 under the Budi95 programme.
“We will give the maximum effort to hold off (on raising prices). But the market is beyond our control, and we cannot guarantee there won’t be any price increase,” he told reporters after a breaking of fast event with local community leaders.