#RON95: Malaysians express their views on social media
Izza Izelan
November 21, 2014 12:12 MYT
November 21, 2014 12:12 MYT
How will the Managed Float system for RON95 petrol and diesel affect you?
Immediately after the government announced it will remove all subsidies for RON95 petrol and diesel beginning Dec 1, netizens took to social media to express their views over the matter.
Some were positive while others, not so - but there were some suggestions provided.
What is clear from the numerous posts, is that the majority of the people are unsure about how the new mechanism will work, and how it will affect them.
Youth and Sports Minister, Khairy Jamaluddin, took to Twitterville, explaining to his followers the rationale behind the government's move in removing the subsidies.
He also took a step further by outlining the new mechanism to be implemented on the price of oil.
#RON95 went viral on Twitter and Instagram, with positive and negative remarks alike.
Meanwhile, Andy Lee predicted that it would be a tough year for middle-income earners.
Some however feel the new mechanism is being implemented without a thorough study.
Some even predicted that the price of RON95 petrol would go down soon.
The Domestic Trade, Cooperatives and Consumerism Minister Datuk Hasan Malek today announced that the government will remove all subsidies for RON95 petrol and diesel beginning Dec 1.
The price of both fuel will then be fixed according to a Managed Float system as opposed to the Automatic Price Mechanism (APM) method being used currently.
From the reactions above, it is clear that Malaysians are still unsure on how the Managed Float mechanism works, and more importantly how the removal of fuel subsidies will affect them directly or indirectly.
Let us know your comments or suggestions on our Facebook page or Twitter at @501awani.