LATEST NEWS   At 6 pm, the ringgit eased to 4.0670/0715 against the US dollar from Tuesday’s close of 4.0580/0630 | Global petroleum market more stable but influenced by uncertainty over physical supply, global stock levels and seasonal demand across major regions - MOF | RON95 subsidy is projected to be about RM2 bln a month, diesel about RM1.5 bln - MOF | Govt's RON95 petrol and diesel subsidy burden based on market prices is still expected to remain high at about RM3.5 bln a month - MOF | Prices of RON95, RON97 and diesel in the peninsula remain unchanged for June 11 to 17 - MOF | 
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Liew Denies Saying Govt Is Mulling 150-litre RON95 Limit

KUALA LUMPUR, May 12 (Bernama) -- Deputy Finance Minister Liew Chin Tong denied announcing that the government is mulling a 150-litre petrol RON95 limit under the BUDI95 programme.

In a social media post, the minister said his explanation had been taken out of context.

“It’s unfortunate that what I said was taken out of context.”

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“In no instance did I announce anything on behalf of the government, and in no instance did I announce the 150-litre limit as a potential government policy,” he said.

Liew explained that during a fireside chat at an AFFIN Bank event earlier today, he was asked about the government's strategy to manage the global energy crisis and had explained that the BUDI95 mechanism is a good tool as it provides data to understand Malaysians’ travel patterns.

“Also, I said as a society, we must ensure that we have petrol supply for the longest possible time, and at some point we should build consensus to support efforts to reduce fuel consumption,” he added.

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-- BERNAMA