Foreign cars barred from buying RON95 petrol
Published: Friday July 16, 2010 MYT 9:52:00 PM
Foreign cars barred from buying RON95 petrol
KUANTAN: Foreign-registered vehicles will no longer be allowed to buy RON95 petrol from August 1, said Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob. He said these vehicles would only be allowed to buy RON97 petrol as the fuel would no longer be subsidised but subjected to a managed float.
“This exercise is in accordance with the government’s policy that the subsidy is meant for Malaysians and not foreign-registered vehicles,” he told reporters after attending the launch of the National Cooperative Day by Prime Minister Datuk Seri Najib Tun Razak here Friday. The government on Thursday announced a reduction in the subsidies for fuel, specifically petrol, diesel and liquefied petroleum gas (LPG), as well as sugar.
On the subsidy rationalisation, Ismail Sabri said it would not affect the prices of food and goods. “From our study we found that the additional cost incurred by traders would be minimal. “For example, with the new price of sugar, the cost of making a glass of teh tarik will go up by 1.2 sen. So there is no reason why the teh tarik price will go up by between 10 and 20 sen,” he said.
Thus, he said, he would meet producers, wholesalers and retailers on Monday to get their commitment not to raise prices. Ismail Sabri said the ministry would mobilise about 1,600 price observers and 2,000 enforcement officers throughout the country in efforts to curtail price increase. “Report to the ministry if traders raise prices,” he added.-- Bernama