All hail PM Najib Razak!
If not for the Malaysian Prime Minister, fuel prices would’ve been higher this month, Second Finance Minister Datuk Johari Abdul Ghani told Bernama.
Beginning November 1, petrol prices are up 15 sen across the board, with RON95 selling at RM1.95 per liter, RON97 at RM2.30 per liter and diesel at RM1.90 per litre.
The latest increase will see the fuel prices hitting its highest point yet this year, surpassing the January 2016 prices of RM1.85 (RON95), RM2.25 (RON97) and RM1.60 (diesel).
And the prices would’ve been higher if PM Najib did not intervene, Johari told the news agency.
“Based on the October price, actually the price increase is supposed to be 20 sen. But Prime Minister Datuk Seri Najib Razak feels that we should reduce a little bit (the increase) because we can’t increase too much,” he was quoted as saying.
According to Johari, the current petrol prices were calculated based on the average price for October, which reportedly exceeded the price point the government had set for retail purchase.
He also added that despite the 15 sen increase this month, the government is still subsidising around RM400 million for fuel.
So, in other words, the government wants you to be grateful, Malaysians.
