Fuel Crisis Deepens, Unity Essential For Resilience

By M. Saraswathi

KUALA LUMPUR, April 12 (Bernama) -- The gravity of a crisis is rarely understood until it intrudes and profoundly affects our daily lives.

Oil Supply: Govt Warns Corporates, Industries To Buy At Market Prices - Amir Hamzah

KUALA LUMPUR, April 10 (Bernama) -- The government has issued a warning to corporates and industries that are supposed to purchase fuel directly from oil companies at market prices but are instead discreetly buying at pump prices.

Budget Reassessment Reasonable If Rising Fuel Subsidy Spending Persists -- Economist

PUTRAJAYA, April 10 (Bernama) -- It would be reasonable to reassess the budget if the government continues to see a drastic increase in BUDI MADANI RON95 (BUD95) subsidy spending, according to an economist.

BUDI95 Is Seen As A Right Step In Targeted Fuel Subsidy Reform For Malaysia -- World Bank

KUALA LUMPUR, April 9 (Bernama) -- Malaysia’s targeted fuel subsidy reform under BUDI MADANI RON95 (BUDI95) is a step in the right direction amid the West Asia crisis as the government seeks to better manage fiscal pressures while ensuring subsidies are distributed more efficiently.

MOF: Pump Fuel Prices Reflect Last Week’s Costs Despite Global Drop

KUALA LUMPUR, April 8 (Bernama) -- The Ministry of Finance (MOF) said Malaysia's pump fuel prices have not declined as they are determined based on the previous week’s average prices, not current levels, despite a drop in global crude oil prices.

West Asia Crisis Prompts Review Of BUDI MADANI RON95 Programme - Economist

BANGI, April 7 (Bernama) -- The ongoing impact of the West Asia crisis has prompted the government to review the current approach to the Budi MADANI RON95 (BUDI95) programme to ensure it reaches those who need it most, said an economist.

Petronas Continues To Monitor Malaysia’s Fuel Supply

KUALA LUMPUR, March 30 (Bernama) -- Petroliam Nasional Bhd (Petronas) continues to closely monitor the nation’s fuel supply to help safeguard nationwide stability, amid the ongoing West Asia crisis.

Malaysia Well-Positioned To Withstand Rising Fiscal Pressures Amid High Oil Prices

KUALA LUMPUR, March 30 (Bernama) -- Malaysia remains well-positioned to withstand rising fiscal pressures as the price of Brent crude holds above US$100 per barrel, with stronger petroleum-related revenues expected to cushion the impact of a higher RON95 subsidy bill, said analysts. 

Malaysian Consumer Sector Seen Resilient On Stable Spending, Fiscal Support – RHB IB

KUALA LUMPUR, March 30 (Bernama) -- The Malaysian consumer products sector shall continue to provide earnings resilience and visibility, underpinned by stable domestic consumption and ongoing fiscal support, according to RHB Investment Bank Bhd (RHB IB).

Solar Energy A Major Alternative For Power Generation Amid West Asia Conflict - Citizens International

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, March 27 (Bernama) -- Solar energy has become an important electricity generation alternative to replace oil, gas, and coal which are in short supply due to the ongoing conflict in West Asia, according to non-governmental organisation (NGO) Citizens International.

Subsidies Under RON95, BUDI Diesel Hit RM4 Bln Monthly - MOF

PUTRAJAYA, March 26 (Bernama) -- The government is bearing petrol and diesel subsidies estimated at up to RM4 billion a month under the implementation of the BUDI MADANI RON95 (BUDI95) and BUDI Diesel programmes, following the rise in global crude oil prices.

RON95 Quota Adjustment Seen As Temporary Remedy Amid Spike In Oil Prices

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, March 26 (Bernama) -- The government’s move to adjust the monthly quota for subsidised BUDI MADANI RON95 (BUDI95) petrol to 200 litres from 300 litres is a much-needed temporary measure to reduce subsidy spending amid the spike in oil prices brought on by the conflict in West Asia, said an economist.