Guan Eng: Retail petrol prices to be set on weekly basis

KUALA LUMPUR (Dec 24): Finance Minister Lim Guan Eng today said retail prices of petroleum products in Malaysia will be set on a weekly basis from Jan 1, 2019 instead of monthly, as the government works towards lowering fuel prices.

In a statement, Lim said the government will work towards lowering retail prices of petroleum products, including RON95, starting Jan 1, 2019, because prices are currently set on a monthly basis.

"Subsidy for petrol products from May to November 2018 amounted to RM5.82 bilion," Lim said. — theedgemarkets.com

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