Budget 2012: Petroleum product subsidies continue as is

Among the items mentioned in Budget 2012 is the continuance of subsidies for petroleum products.

For every litre of RON 95, the actual price is RM2.75, and the price of RM1.90 at the pump translates to a subsidy of 85 sen, or 31% of the actual price.

Diesel has an actual price of RM2.66, and the RM1.80 retail price works out to a subsidy of 86 sen, which works out to 32%.

As for cooking gas, every 14 kg tank is actually priced at RM48.02, and the retail price of RM26.60 means that the Government subsidy works out to RM21.43 or 45% of the actual price. We’ll have more updates on related items as we go along.

© 2011 Paul Tan's Automotive News. All Rights Reserved.

This story originally appeared on Paul Tan's Automotive News on Fri, 07 Oct 11 17:40:02 +0000.

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3. DPM: We cannot sustain subsidies on the same amount
4. Fuel subsidies extended to vehicles up to 3,000cc in East Malaysia

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