The Malaysian government appears to have revoked the price control order that restricted the price of RON95 petrol to RM2.08/litre and diesel to RM2.18/litre.

The revocation was announced in a gazette dated 3 June 2020 and the order was approved by Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Tinggi on 10 April.

“The Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 8) Order 2020 [P.U. (A) 64/2020] is revoked,” the gazette stated.

The former Pakatan Harapan government introduced the price ceiling after the 14^th general election, restricting the maximum retail price for RON95 and diesel in Malaysia regardless of global oil price levels.

(Source: Malay Mail)

• TAGS:
• Diesel
• Petrol
• Petrol Ceiling Price
• Petrol Price
• RON95