00:01Profits from Petronas should be treated as strategic national wealth rather than being
00:07spent on blanket fuel subsidies, says a government MP. DAP's Campari MP Chong Zirmin described
00:14URMA chairman P. Ramasamy's proposal to expand fuel subsidies using the national oil company's
00:20windfall gains as unsustainable and irresponsible. Chong's side Norway's disciplined approach with
00:28its sovereign wealth fund where oil revenues are largely saved and invested globally, enabling
00:34long-term wealth accumulation and fiscal stability. He said Malaysia should move in a similar direction
00:42by ensuring that a meaningful share of Petronas' windfall gains is channeled into long-term savings
00:48and investment rather than being fully consumed through short-term subsidies. Ramasamy's proposal
00:55comes amid a surge in oil prices triggered by the war in Iran. The closure of the Strait of Hormuz
01:02after U.S.-Israel strikes earlier this month sent crude oil prices to around US$100 per barrel.
01:10Despite this, Puchajaya has decided to maintain R95 petrol at RM1.99 per litre under the Bodhi 95
01:18scheme for eligible Malaysians, raising the government's monthly fuel subsidy bill to 3.2 billion ringgit,
01:25up from 700 million ringgit previously.
01:29Naritha Raja, FMT.
01:30Naritha Raja, FMT guide Montego 113 and отметin,
01:30Tu Kurpajaya is now available at theamianta� objectives.
01:31So this is an ultra-wide
