The government reaffirms its commitment to targeted fuel subsidies for public transport and goods sectors, keeping petrol at RM2.05 and diesel at RM1.88 per litre.
KUALA LUMPUR: The government has reaffirmed its commitment to safeguarding the people and ensuring the stability of commodity prices despite rising global oil prices.
In a Facebook post, the Ministry of Finance said the government is continuing its efforts through the Subsidised Petrol Control System (SKPS) and the Subsidised Diesel Control System (SKDS).
These systems provide targeted fuel subsidies for the land and water public transport sectors, as well as for the transportation of selected goods.
“These measures help keep transportation costs under control and ensure that commodity prices remain stable,” the ministry said.
According to an infographic, the retail price of subsidised petrol under SKPS for public transport and goods transportation has been maintained at RM2.05 per litre.
Meanwhile, under SKDS, the subsidised diesel price for the land transport sector remains at RM1.88 per litre.
Diesel for goods transportation continues to be capped at RM2.15 per litre.
The ministry added that the government will continue to closely monitor global developments.
It will adopt a prudent approach to protect the well-being of the rakyat.
