PETALING JAYA: The government will continue to monitor developments in West Asia and the impact on global oil prices before reconsidering the monthly quota of RON95 (BUDI95) petrol, currently set at 200 litres.
Finance minister II Amir Hamzah Azizan said it was still too early for the government to make any decision on the possibility of returning the quota to 300 litres, Bernama reported.
He said the government needs time to monitor the recently announced ceasefire and assess its effectiveness and impact on the oil market.
He noted that it would take 60 days for the US and Iran to finish their discussions.
“So we have to wait and see if this (peace deal) can last and the overall implications,” he told reporters.
He said although the quota has dropped from 300 litres to 200 litres, motorists were able to manage the situation.
Amir said almost 80% of BUDI95 subsidy recipients used less than 200 litres of petrol every month.
“Efforts, such as working from home, will also reduce the use of petrol.”
Amir also said private diesel jeeps or pickups can request an additional 100 litres. This is to help small traders in the interior who have to travel long distances.
