Gov’t to maintain RON95 price cap despite drone attack on Saudi Arabian oil plants

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PETALING JAYA, Sept 16 — Finance Minister Lim Guan Eng today said that the current price limit on RON95 petrol would stay for now, despite the drone attacks on two of Saudi Arabia’s state-owned oil facilities which have affected 5 per cent of global oil output.

Speaking to reporters today, Lim said that the government is still assessing the impact of the attacks and that it could affect Malaysia’s petrol production industry.

Lim said the bombing could affect the government’s subsidy payout for petrol price.

“Definitely there will be effects. For sure, for Petronas, from a revenue collection point, their revenue would increase, but for the country and the average user, it will have an effect with regard to the subsidy which we pay out,” he said.

On Saturday, British national media agency BBC reported that Saudi Arabia had halved its oil and gas production following drone attacks on two huge oil facilities operated by Aramco.

malaymail

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