The government continues diesel subsidies in Sabah and Sarawak to control transport and essential goods costs, amid global energy price hikes<\/p>\n
KOTA KINABALU: The government is maintaining diesel subsidies in Sabah and Sarawak to prevent a surge in transportation, logistics, and essential goods costs.<\/p>\n
Minister in the Prime Minister\u2019s Department (Sabah and Sarawak Affairs) Datuk Mustapha Sakmud said this protection is vital for communities reliant on land and sea transport for supplies.<\/p>\n
He cited global geopolitical tensions, including in West Asia, which are driving up world energy market prices and affecting local economic chains.<\/p>\n
\u201cThe fact is, the government is currently bearing around RM3.2 billion every month for petrol and diesel subsidies,\u201d he said in a statement.<\/p>\n
He detailed that this includes roughly RM2 billion for RON95 petrol and RM1.2 billion for diesel monthly.<\/p>\n
Mustapha said this demonstrates the government\u2019s commitment to shielding citizens from global economic shocks.<\/p>\n
The government is also maintaining the price of RON95 at RM1.99 per litre through the targeted BUDI MADANI subsidy.<\/p>\n
This is compared to an estimated actual market price of RM2.67 per litre.<\/p>\n
He noted that Malaysian fuel prices remain among the lowest in ASEAN.<\/p>\n
Prices in neighbouring Thailand are around RM4 per litre, while Indonesia charges between RM3 and RM3.50.<\/p>\n
Singapore\u2019s prices range from RM8 to RM10 per litre.<\/p>\n
Mustapha advised the public to understand the economic climate and use subsidies prudently.<\/p>\n
\u201cIn this uncertain world, we must remain calm, not be influenced by speculation and continue to be united as Malaysians,\u201d he said.<\/p>\n
He added that the government will continue taking appropriate steps to ensure national economic stability.<\/p>\n","protected":false},"excerpt":{"rendered":"The government continues diesel subsidies in Sabah and Sarawak to control transport and essential goods costs, amid global…\n","protected":false},"author":2,"featured_media":330097,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-330096","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/330096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=330096"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/330096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/330097"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=330096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=330096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=330096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}