The petrol price at pump had to be increased to reduce burden of subsidy says Najib.

The petrol price at pump had to be increased to reduce burden of subsidy says Najib.

The price of petrol at the pump had to be adjusted slightly because of an increase in subsidy, Prime Minister Datuk Seri Najib Tun Razak said.

He said the government was committed to a 30 sen subsidy for every litre of petrol sold to the rakyat (people).

“Our promise to the rakyat is a subsidy of 30 sen but the subsidy is currently more than 30 sen. So there has to be a slight adjustment, a minor adjustment,” he told reporters after announcing the winner of the 1Malaysia song competition at Bangunan Putra Perdana, here Wednesday.

He was asked to comment on the increase in the pump price for RON95 from RM1.75 to RM1.80 per litre while RON 97 is now sold at RM2.05 from RM1.80 previously, both effective since yesterday.

As he was answering the question during the press conference, Najib said he would provide a detailed explanation later. — BERNAMA