The retail prices of RON97 and RON95 petrol, as well as diesel, will remain unchanged at RM3.47, RM2.05 and RM2.15 per litre, respectively, from December 28 to January 3.
Oil prices rallied on Monday due to naval and commercial ship attacks in the Red Sea that raised fears of possible disruptions to oil supply routes, as well as the greater possibility of Russia reducing oil exports earlier than planned, reported Anadolu.
The government may have to bear more than RM100 billion in subsidies annually if the world crude oil price hits US$100 a barrel, according to Economy Minister Rafizi Ramli.
Family ambassador Matthew Pajares-Yngson says they are ‘heartbroken’ as fisherfolk community has lived there for centuries, considers it their ancestral land
