FOREIGN registered vehicles must not be allowed to take advantage of fuel subsidies that are supposed to be for Malaysians, former prime minister Najib Razak said.
According to Najib, the authorities and fuel companies must stop this abuse, especially as Malaysia reopened its borders on Friday.
“If a foreigner fills up his tank with 40 litres of RON95, the government will lose RM68.
“With the reopening of our borders, I believe the authorities and petrol stations will monitor this situation tightly,” he said in his Facebook posting, referring to a viral image of a driver from a neighbouring country filling up a vehicle with RON95 at a Malaysian petrol station.
Subsidies for RON95 and diesel are in place, capping them at RM2.05 and RM2.15 a litre respectively.
As a result of this subsidy, foreign vehicles are not allowed to buy RON95 or diesel.
However, there is no prohibition for RON97 petrol because there is no subsidy.
The retail price for RON97 this week is RM3.91.
Fuel prices have been on the rise since Russia invaded Ukraine on February 24.
“RON95 petrol is a protected item as it is given a high subsidy. It also breaks the law to sell RON95 to foreigners,” said Najib.
He said RON95 was the 11th cheapest price in the world, even cheaper than in some of the biggest oil producing nations.
He added that even RON97 was much cheaper than many other countries, despite the lack of subsidy.
He said that in Singapore, RON95 was S$3.02 (RM9.37) a litre, while RON97 was S$3.51. – April 3, 2022.
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