Economy Minister Rafizi Ramli said that there are no discussions within the government regarding the proposal to cut fuel prices, particularly for RON95 and diesel, at the moment.
He said this on Friday (July 28) in response to a report that MIDF Research anticipated the government would cut fuel prices to ensure price stability and ease the cost of living pressure.
00:00 Three days ago, the MIDF Research released a statement saying that the government expects to reduce the price of ROC 95% soon, so that it can be more profitable.
00:11 Until now, I have never heard anything, there is no discussion or anything.
00:18 And actually, the price of raw oil has increased from about $70, mid-70s for the last few weeks, it has hit $82-83 per barrel.
00:34 So, the decision to increase the price of oil is the decision of the Ministry of Energy.
00:41 The decision to reduce the price of oil is the decision of the Ministry of Finance, which is why the subsidy is being imposed.
00:56 But I can say that I have never heard anything about this. That was the first time I read about it, and I started asking around.
01:06 Until now, it has been 7 months of discussions about the economy, and this government has never mentioned anything about the price of oil.
