Malaysia can maintain RON95 petrol price for up to two months, says PM Anwar
The Straits Times
He noted that the 200 vessels currently stuck at the Strait of Hormuz will have an effect on trade. Read more at straitstimes.com.
PUTRAJAYA – Malaysia can still maintain the subsidised RON95 petrol price at RM1.99 (64 Singapore cents per litre) for up to two months, said Prime Minister Anwar Ibrahim.
But he warned that the prolonged closure of the Strait of Hormuz could cause an unprecedented economic crisis.
He said everyone, including the public and private sectors, must be wary of the ongoing conflict in Iran.
“We will try to control the effects of the Iranian conflict, including for RON95, which is RM1.99 per litre,” he told reporters after performing Friday prayers at a surau in a mall on March 6.
“We will monitor this situation because so far, we can still hold off for one or two months.”
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