JAKARTA - Malaysian Prime Minister, Anwar Ibrahim announced that he will lower the price of fuel oil (BBM) with an octane value (RON) of 95 from 2.05 Ringit Malaysia to 1.99 Ringgit Malaysia or to IDR 7,672 per liter.
Anwar's decision to lower this price was taken after he was urged to resign by Malaysians.
Quoted from Reuters, in a statement on television broadcast, this decline was carried out to address public concerns about rising cost of living, including giving cash to all adult citizens and promises to lower fuel prices.
Anwar said the decline in fuel prices only applies to Malaysians. Meanwhile, foreign nationals will still be subject to market prices without subsidies.
Anwar said the government would also immediately announce the details of the planned and scheme for lowering fuel prices before the end of September.
In Indonesia, RON 95 fuel is equivalent to Pertamax Green 95 which is priced at IDR 13,250.
If RON 95 fuel in Malaysia is included in the type of fuel subsidized by the government, Indonesia only provides subsidies to RON 90 or Pertalite fuel at a price of IDR 10,000 per liter.
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According to VOI records, the last time the Indonesian government changed the subsidized fuel price was on September 3, 2022.
At that time, President Joko Widodo announced the increase in Pertalite prices. Previously, Pertalite was priced at IDR 7,650 per liter to IDR 10,000
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