PMX Berates Bearers of Fake Fuel Price News!

 

In a special address on 1 April, PMX alluded to his conversations with leaders of Iran, Turkiye, Egypt, Indonesia, Saudi Arabia and other Gulf states having pointed to one stark reality – the situation will get worse before it gets better. He further contended that the expenditure to cushion the impact of the global energy crisis has reached RM4 bil to date while PETRONAS has helped ensure there will be sufficient oil and gas supplies until at least May. There are steps, meanwhile, taken by the Government:

 

·         National Economic Action Council (MTEN) meetings to convene more frequently with the involvement of industry representatives, fishermen, farmers and related sectors to formulate follow-up actions;

·                 Cancellation of Federal-level Aidilfitri open houses as a cost-saving measure;

·                 Adjustment of BUDI95 quota to 200 litres/month as a temporary measure;

·                 Enforcement of subsidised diesel filling limits in Sabah, Sarawak and Labuan; and

·         Implementation of the (public sector) work from home (WFH) policy beginning April 15 to reduce fuel consumption.

 

Source: https://en.wikipedia.org

 

Then PMX hit out as an “act of sabotage and betrayal to the country” those who spread fake news about the price of fuel and other related goods. 

Interestingly, just prior to PMX’s special message, the Finance Ministry (MOF) had unveiled another shocker to especially individual 4×4 pick-up truckers as retail price of diesel in Peninsular Malaysia continues its spiral by a further 50 sen to a record RM6.02/litre for the April 2-8 period. 

However, the retail price of non-subsidised RON97 petrol under the Automatic Pricing Mechanism (APM) will be reduced by 20 sen to RM4.95/litre while the retail price for RON95 petrol will remain at RM3.87/litre. 

Politically, not only is the price disparity between diesel price in Peninsular Malaysia and Sabah/Sarawak which continue to enjoy the subsidised RM2.15/litre rate widening, the more pressing concern among B40 and M40 groups is inflationary pressure with an eventual spike in cost of living. How could diesel prices jump by over 112% – from RM2.84 to RM6.02 – in just two months without any effort to slow the increase. At the same time, global LNG (liquefied natural gas) prices have surged much higher than oil prices with PETRONAS expected to enjoy huge profits, according to a former Barisan Nasional (BN) strategic communication deputy director. So the question is where is this windfall going and why isn’t it being used in part to slow or control diesel prices? 

It’s not that the rakyat don’t understand economics. But if prices rise too quickly without control, the impact will be felt on food, logistics and the cost of living. Enough with the excuses. The rakyat want action. (Believe it or not, this was said by the former premier Datuk Seri Najib Razak) 

Reference:

PMX berates bearers of fake fuel price news as diesel pump price spiked to RM6.02/litre, FocusM, 2 April 2026