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Price for RON95 petrol, diesel up by 20 sen from midnight

Price for RON95 petrol, diesel up by 20 sen from midnight

PUTRAJAYA, Sept 2 — The price of RON95 petrol and diesel will go up by RM0.20 per litre from midnight, Prime Minister Datuk Seri Najib Razak announced today in a move to rationalise subsidies.

Najib, who is also the finance minister, added that the 1Malaysia People Aid (BR1M) will be raised from the current RM500 in Budget 2014 to better direct financial aid to the needy.

The decision today was made as part of Putrajaya’s move to consolidate its fiscal position, and reduce the federal government current account deficit-to-gross domestic product (GDP) ratio to 3 per cent by 2015.

malay mail

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