Govt caps fuel prices as crude soars past US$60
THE finance ministry on Wednesday announced it will cap fuel prices below 2019 levels as the benchmark Brent crude futures reached its highest in 13 months.
Under the new pricing control regime, the RON95 grade petrol will not exceed RM2.05 per litre, while the maximum price for diesel was set at RM2.15 ringgit per litre.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the government will subsidise the different if the price of fuel exceed the set ceiling.
...