{
  "id": 16307729,
  "title": "Kerajaan sedia bayar RM45 bilion setahun tanggung subsidi bahan api",
  "url": "https://urgent.news/2026/10/24/kerajaan-sedia-bayar-rm45-bilion-setahun-tanggung-subsidi-bahan-api",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T09:14:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/bahasa/tempatan/2026/10/24/kerajaan-sedia-bayar-rm45-bilion-setahun-tanggung-subsidi-bahan-api"
  },
  "original_language": "en",
  "account": "Perdana Menteri Anwar Ibrahim announced the Malaysian government's commitment to maintain the price of RON95 petrol at RM1.99 per liter, despite international crude oil prices soaring between USD120 to USD130 per barrel. Speaking at the Sentuhan Kasih Madani and Negara Sara Hidup Action Plan 2030 launch at Hang Jebat Sports Complex in Melaka, Anwar said the government is willing to bear the cost of the rising api subsidy, estimated to reach RM45 billion annually, to ensure citizens are not burdened by the increase in living costs. He explained that the step aims to protect the well-being of the people, especially low-income and simple-income groups, from the impact of rising api prices in the global market. According to Anwar, if the oil price rises according to the market, the government will bear an additional cost of RM2 to RM3, minimum RM5 daily. He emphasized that it would be better for the government to bear the costs rather than burdening the people and families with daily expenses like sending their children to school or their own income. Anwar also rejected the notion that high subsidies would make people overly dependent on government assistance, stressing that it is essential to consider the realities of life for the low-income group. He reiterated that the government will continue to balance efforts to drive economic growth while ensuring that progress leads to an improved standard of living and the well-being of the people. Anwar also emphasized that economic success is measured not only by growth, investment, and trade but also by tangible benefits that improve the standard of living and the well-being of the people. He noted that economic growth should be evaluated based on achievements in technology such as artificial intelligence (AI) and semiconductors, alongside addressing the basic needs of the people, particularly the cost of living, education, healthcare, and job opportunities. \"We are not just talking about numbers and statistics; we are talking about people,\" Anwar said. He added that the government's approach is based on the principles of reaching for the sky, rooting in the ground, which requires the nation to continue exploring the fields of new technology and science without neglecting human values, ethics, culture, and the well-being of the people at the grassroots level.",
  "summary": "Perdana Menteri Anwar Ibrahim berkata langkah itu bertujuan lindungi kesejahteraan rakyat, khususnya golongan berpendapatan rendah dan sederhana.",
  "key_points": [
    "Malaysian government commits to subsidizing RON95 petrol at RM1.99 per liter.",
    "Annual api subsidy estimated at RM45 billion to protect low-income groups.",
    "Government willing to bear additional cost of RM2 to RM3 daily for higher oil prices."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}