CYBERJAYA:
The government will announce a revised rate for the automatic pricing mechanism (APM) for RON95 soon to ensure the continued viability of petrol stations following the implementation of the BUDI95 programme.
Domestic trade and cost of living minister Armizan Mohd Ali said a proposal to review the rate has been submitted to the finance ministry, following engagement sessions with petroleum companies and petrol station associations.
“The finance ministry has committed that, as an initial step, the priority is a review of the APM rate. The implementation of the subsidised diesel control system took considerable time.
“We are aiming to execute the subsidised petrol control scheme as soon as possible, ideally within a month of the…