KUALA LUMPUR – Petronas Dagangan Bhd (PDB) shares climbed in early trade today after the government announced a cut in RON95 petrol prices to RM1.99 per litre starting Sept 30.
As at 10.23 am, PDB rose 24 sen to RM22.24 with 37,700 shares changing hands.
On Sept 22, Anwar, who is also Finance Minister, announced that all Malaysian citizens aged 16 and above with a valid driving licence will be entitled to buy up to 300 litres of RON95 monthly at the subsidised price, regardless of income level.
Buyers must present their National Registration Identity Card (NRIC) or verify their citizenship status via approved mobile applications to access the subsidy.
In a note today, CGS International Securities Malaysia Sdn Bhd said fuel consumption by average Malaysians is unlikely to be affected by the new quota system.
The brokerage noted that identity checks would make it harder for foreigners to access subsidised RON95.
“The government has also said that in the future, it will use back-end analytics to monitor and block individuals who appear to be pumping subsidised RON95 too frequently and who are suspected to be abusing their quotas on behalf of ineligible buyers.
“This may succeed in reducing unauthorised purchases and cut RON95 sales volumes, in our view,” it added. – September 24, 2025