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KUALA LUMPUR - Retail fuel prices in Malaysia are lower than in major oil-producing countries such as Qatar and Saudi Arabia, said Prime Minister Datuk Seri Anwar Ibrahim.
He said the price of subsidised RON95 petrol under the BUDI MADANI initiative remained at RM1.99 per litre, compared with the price in Saudi Arabia, which is now above RM2.40 per litre, thereby demonstrating the government’s commitment to maintaining fuel prices at an affordable rate.
As such, he said claims that petrol prices in Malaysia are no longer competitive compared with other oil-producing countries are inaccurate as current prices in this country are still lower.
"Fuel prices in Malaysia are lower than those in Qatar and Saudi Arabia, that is a fact that must be remembered. When we called for fuel prices to be reduced to RM1.50, the price in Saudi Arabia at that time was around 50 sen.
"Now, the price of RON95 petrol in Malaysia is RM1.99 per litre, while in Saudi Arabia it is over RM2.40 per litre. Qatar and the United Arab Emirates (UAE) also recorded higher prices, and the UAE even raised fuel prices two months ago despite being a major oil producer,” he said at the Dewan Rakyat today.
He said this when replying to a supplementary question from Datuk Rosol Wahid (PN-Hulu Terengganu), who questioned the difference in fuel prices during the administration of Datuk Seri Najib Razak, as well as Anwar’s pledge, when he was in the opposition, to reduce fuel prices. - BERNAMA
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