Sunday, April 10, 2011

Universities at the crossroads

REFLECTING ON THE LAW
By SHAD SALEEM FARUQI



The success of a university can be measured by how it confronts the realities of today and the development needs of the country and in its contribution to improving the lives of the people.

A MINISTRY-APPOINTED committee of distinguished auditors is visiting various universities to evaluate our tertiary institutions on the “University Good Gover­nance Index”. The index is constructed to scrutinise university governance, financial and human resource management, sustainability and academic governance.

Such evaluations, audits, categorisations or rankings by statutory agencies and ad hoc committees are commonplace these days. We have a surfeit of them and they cost much time and money.

Some international companies have tasted the sugary profits in this enterprise and employ primarily Western criteria to evaluate our tertiary institutions. Behind a veneer of objectivity, they ignore the socio-economic context of our society and the special roles and challenges confronted by educational institutions in Third World countries.

There are several reservations that an impartial observer may harbour against the ways universities are evaluated. First, how does one measure the intangibles that are at the heart and soul of a citadel of learning?

How does one assess the moulding of character, the imbuing of a love for activity of thought and receptivity to beauty and humane feeling, the passion for justice, the quality of humanity?

Scientific methods measure only the measurable, the visible, the tangible. To paraphrase Einstein, science cannot count everything that counts. Some of the most valuable things in life are not things and are not amenable to empirical measurement.

Second, the “systems approach” judges institutions and organisations by the formal structures and procedures in place. However, systems are as good as the people who administer them.

Unless human beings are given centrality, form instead of substance, facade instead of reality become dominant.

The crucial factor in a university’s eminence is qualified academicians with proven research abilities and a solid commitment to lead and inspire their wards to the summits of knowledge.

A university cannot become an acclaimed centre unless it possesses a large number of scholars who are the voice of their professions and who not only reflect the light produced by others but are in their own right a new source of illumination.

Third, all exercises, whether local or foreign, of measuring the performance of our institutions of higher learning, tend to gloss over the engaging debate about what a university is and what its role in society ought to be.

At Universiti Sains Malaysia last week, Vice-Chancellor Prof Tan Sri Dzulkifli Abdul Razak, in his address to the auditors, articulated his vision and mission of a university.

According to him “the ultimate yardstick for measuring the success of a university is the improvement of the lives of the people it serves. A society will attain full value from its university if society and the university are linked together and confront the realities of today and the development needs of the country”.

To Prof Dzulkifli, the university is imbued with rich, multi-faceted functions. These include knowledge dissemination, knowledge generation, knowledge application, knowledge assimilation and knowledge evaluation.

“Traditional educationists” like me heard this exposition with great satisfaction, admiration and a sense of vindication.

Over the decades, I have watched with sorrow the bureaucratisation of universities and their loss of autonomy, the commercialisation of our citadels of learning, the demise of liberal education, the excessive pandering to the professions, the metamorphosis of universities into factory assembly lines, aloofness of universities from society and the rigidity of entry criteria.

Bureaucratisation: Legally, all universities are semi-autonomous, statutory bodies. They have a corporate personality distinct from and independent of the Government.

Their enabling laws confer on them wide administrative and financial powers to embark on academic, intellectual and research initiatives and to attract, retain and produce scholars of high repute.

In actual practice, however, stifling bureaucratic procedures from several ministries subject the university-leadership to pre-decision controls at every step.

Commercialisation: Most higher education institutes these days are demanding that their academics should indulge in fund-generation through consultancies, grants and patented inventions. Links with big businesses and industry are being vigorously pursued.

There is much to be said for these developments. They generate funds and give practical exposure to staff and students. However, the darker side is that teaching suffers. Time to interact with students is allocated elsewhere. Instead of having an independent value system, the university replicates the aims and objectives of a commercial enterprise.

Emphasis on business acumen influences and distorts staff development and recruitment policies. A “new managerialism” i.e. the “rigid application of managerial techniques of business” begins to apply to universities that previously had an “identity, diversity and ethos” of their own.

Narrow professionalism: A university is not just a mistress to the professions or an assembly line of an educational factory. It is a temple of learning and a storehouse of the knowledge and wisdom of the past. It is a receptacle of art, culture and science and a mirror of humanity’s great heritage.

Our universities in their concern with narrow professional goals often fail to produce graduates with an appreciation of culture and civilisation. We need to make our curricula more broad based and to infuse it with a liberal education component.

We must provide holistic education and produce well-balanced graduates who have professionalism as well as idealism; knowledge as well as wisdom; an understanding of the realities as well as a vision of what ought to be.

Merely supplying technically sound but morally neutral cogs in an industrial wheel to contribute to high production rates will not in the long range lead to enlightened development of our youth or of our society.

Our education system is committed to developing specialisation. This is acceptable. At the same time, we need to avoid the danger of teaching more and more about less and less and of producing square pegs for square holes.

In the age of globalisation, economic booms and busts and high unemployment rates, there is growing disconnect between what students study and what their subsequent careers are.

It is necessary to train students for multi-tasking, multi-disciplinary approaches; to have split-degree courses; to produce graduates who have career flexibility and who are able to adapt to different challenges at work.

Town-gown relationships: Universities are too profession-oriented and too little people-oriented. They must have strong community links. The curriculum must be so devised that staff and students are involved in the amelioration of the problems of society. This will help to inculcate a social conscience and a social perspective.

Peace-corps type of interaction with rural and deprived communities, visits with the sick, the disabled, the indigent, the ignorant and those living in valleys where the rays of justice do not reach will do much to actualise the aim of putting theoretical knowledge to practical use.

If the university can touch the lives of ordinary people, that would be a true measure of success.

Shad Saleem Faruqi is Emeritus Professor of Law at UiTM and visiting professor at USM

Agriculture becoming major contributor to GDP - The Star

By HANIM ADNAN
nem@thestar.com.my


OVER the years, the agriculture sector has steadily become an important contributor to Malaysia's GDP, employment, export revenue, export tax and duty, as well as the economic and rural development.

Given the persistently high prices and strong demand in major local industrial commodities on the international market, export earnings of commodity and commodity-based products ranging from palm oil, rubber gloves, timber and cocoa posted a record of RM113.3bil in 2010, a 24% jump from 2009.

Last year, the export earnings of palm oil and palm-based products surged to RM62.8bil followed by the rubber sector at RM33.7bil with rubber gloves touching RM8.9bil, up 25% from a year earliier and cocoa beans at RM3.8bil from RM3.2bil a year earlier.

Datuk Dr Salmiah Ahmad

For palm oil, Plantation Industries andCommodities Minister Tan Sri Bernard Dompok recently said that export earnings could exceed RM65bil this year on the back of rising demand and higher prices.

He also expected higher average CPO price at RM3,000 per tonne in 2011 compared with RM2,500 to RM2,800 per tonne in 2010. On Feb 10, CPO price close at RM3,967 per tonne on concerns over disruption of harvesting and transportation of oil palm fruits affected by heavy rain in major producing countries like Malaysia and Indonesia.

Malaysian Estate Owners' Association president Boon Weng Siew says palm oil and palm products are top industrial commodities for the country with good export track records over the past four years.

“Even with the CPO currently trading at RM3,400 per tonne compared with the commodity's record price at RM4,486 per tonne in 2008, planters in Peninsular Malaysia and Sabah are still making sound profits as their average cost of production is still between RM1,200 to RM1,500 per tonne CPO,” explains Boon.

From the CPO sales, many local plantation companies are able to use the proceeds to make new investments particularly in terms of acquiring more land bank overseas to expand oil palm hectarage given the scarcity of agriculture land bank in Malaysia, says Boon.

Datuk Teo Suat Cheng

In fact, many plantation giants like IOI Corp Bhd, Kuala Lumpur Kepong Bhd, Sime Darby Bhd and Felda Group have successfully diversified from being a mere producer and exporter of palm oil into the downstream sector with ventures in oils and fats business, oleochemicals and biomass projects among others.

The palm oil industry is indeed a success story for the Malaysian corporate sector, says Boon while stressing on the need to increase the stagnating production level and introduction of more value-added downstream products to enhance on the industry's growth, competitiveness and sustainability.

Rubber, meanwhile, has emerged as a strong competitor to palm oil in terms of export earnings contribution as both the natural rubber prices as well as rubber based products become the receipients to the economic growth driven by the emerging and developing economies.

On Feb 14 tyre-grade SMR 20 posted a new high of RM17.27 per kg while latex-in-bulk hit RM10.66 per kg.

Of the total export earnings of RM33.7bil last year, RM12.3bil was contributed by rubber product exports while raw rubber, other rubber and heveawood products provided RM9.5bil, RM4.3bil and RM7.6bil respectively.

According to Malaysian Rubber Board director-general Datuk Dr Salmiah Ahmad, the rubber sector in fact contributes about 5% to the country's export earnings.

“The contribution of the industry is much higher if we consider its spinoffs and multiplier effects on the Malaysian economy.

“Some notable spin-offs are in the fields of engineering, packaging and transportation,” adds Salmiah.

However, more importantly, the rise in rubber prices and the increasing demand for rubber products globally, had directly boosted the income of smallholders nationwide.

Boon Weng Siew

Depending on the size of their estate holdings, smallholders could now get a monthly income of between RM2,000 and RM3,000 from RM600 previously.

Over 90% of the country's total natural rubber production is supplied by smallholders.

She points out that the rubber industry is important in developing the national economy and providing opportunities for an estimated 300,000 smallholders.

The implementation of the Malaysian Rubber Industry Strategies and inclusion of the industry as one of the National Key Economic Areaprojects together with oil palm is expected to stimulate further growth of the industry.

Meanwhile, Malaysian Rubber Export Promotion Council (MREPC) chief executive officer Datuk Teo Suat Cheng expects the export of rubber products to be on an upward trend reaching RM13.7bil by year-end despite facing pressure from increasing raw material prices and the strengthening of the ringgit.

Of the total exports, she says rubber glove export is expected to increase to over RM10bil and remains the largest contributor to the total exports of rubber products in 2011.

Malaysia as the leading exporter of rubber gloves in the world, commanding about 60% of the global market share.

“MREPC has intensified its promotional efforts in emerging countries such as China, India, Russia and the South American countries to increase awareness of usage of rubber medical gloves.

“There is great market potential as per capita consumption of gloves is still very low in these countries compared to the US where per capita consumption of rubber medical gloves is about 40 pairs,” says Teo.

The Malaysian rubber product industry recovered strongly last year after a difficult 2009, to rebound with a 21.5% growth in exports year-on-year.

Last year, exports of rubber products registered RM12.86bil, surpassing by 14.5% the pre-crisis exports recorded in 2008 of RM11.2bil.

Food security policy may be extended - The Star

By HANIM ADNAN
nem@thestar.com.my


Source: http://biz.thestar.com.my/news/story.asp?file=/2011/4/9/business/8445971&sec=business

FOOD security in Malaysia is poised to become more stable and secure with the Government's commitment to possibly extend the expired National Food Security Policy (FSP) and also implement the fourth National Agricultural Policy (NAP 4) this year.

The FSP (2008-2010) was introduced at the height of the global food crisis with prices of food-based crops like wheat soaring by 130%, rice 74% and soybean 87% as a result of supply shortage due to climate change on the back of strong demand from the growing world population.

Under the policy, RM5.6bil was allocated for agriculture development in FSP with defined strategies focusing firstly on increasing the production of rice (see table)

The focus on Malaysia's rice sector can be seen from NAP 1 (1984-1991), NAP 2 (1992-2010) and the revised NAP 3 (1998-2010) with food security being the thrust of the policy for the sector.

»It is vital for Malaysia to incorporate a food reserve system or food bank«ANNI MITIN

The success of new NAP from 2011 to 2020 therefore will determine whether Malaysia will be food secured through self-sufficiency or import-dependent for daily meals taking into consideration the targeted high-income population.

This prolonged policy is then translated into a prominent objective to attain a reasonable self-sufficiency level (SSL) in rice which has been used as an index to food security in the country.

The SSL was targeted at a comfortable level of 65% in NAP 3, but was required to be at 86% by end of the Mid-Term Review of the 9th Malaysian Plan (2006-2010) in order to fit its production-centric vision of self-sufficiency level in most commodities for reducing deficit in trade balance.

Most of the efforts are carried out via a comprehensive set of market interventions in the form of input and output subsidies, production programmes, guaranteed minimum price for paddy, paddy price support and other production-based incentives.

For this year despite the expiry of FSP, the Government has decided to continue with the incentives for farmers under the national FSP to ensure “sufficient food supply at all times”.

An estimated RM2.77bil was allocated for management expenditure, of which RM1.54bil would be for increasing paddy output, whereby farmers would be provided assistance.

The assistance is in the form of fertiliser subsidy (RM409mil), padi price subsidy (RM480mil), padi seed subsidy (RM85mil), padi production incentive (RM150mil), padi yield subsidy (RM80mil) and rice price subsidy (RM167mil).

An additional allocation of RM400mil for the padi sector is needed to ensure supply would not be affected by unpredictable weather conditions.

Southeast Asia Council for Food Security and Fair Trade (Seacon)executive director Anni Mitin (pic) says there are a lot of food insecurity issues not being thoroughly addressed under the National FSP, like accessibility issues and acceptability concerns such as food safety, nutrient values and food production technology, in light of the climate change and rising cost of production due to high external input dependency.

She says Malaysia should look at its national food security interest far beyond production and stockpiling of rice. “Rice is only one of Malaysia's staple food. What about meat, fish, vegetable, fruits and other grains?”

In Malaysia, she claims that only rice farmers under Muda Agriculture Development Authority and Kemubu Agriculture Development Authority schemes are well-taken care off by the Government instead of ensuring all agriculture-based farmers are given a sense of guarantee in terms of increasing their income.

Anni says Malaysia also has the capability to take its vegetables and fruits cultivation into the next level. So far, the country has been successful, being self-sufficient in chicken and eggs.

Malaysia currently is a net importer of food, importing about RM13bil worth of food annually.

While some economists say Malaysia does not really need to be self-sufficient in food items, this thinking is only good if the population mass has good income to buy the goods, says Anni.

“As it is right now, there are the hardcore poor with household income of RM400 and even the urban poor with household income below RM1,500 still cannot afford to buy food as prices are rising,” explains Anni.

She says Malaysia need to broaden the scope of its existing FSP and NAP along the line of the Asean Integrated Food Security Framework and the Strategic Plan of Action on Food Security in the region. (see table)

“It is vital for Malaysia to incorporate a food reserve system or food bank, and also an integrated information system on the food value chain.

Anni says it is unfortunate that vegetable and fruit farmers in Malaysia still do not have specific pricing mechanism i.e. farm gate prices for their goods, unlike industrial commodities like cocoa, pepper, rubber and palm oil which have agencies looking after their respective pricing.

Fama's role

The role of Federal Agriculture Marketing Authority (Fama) needs to be strengthened, not only to encourage stable production but also increase demand for Malaysian produce especially in the domestic market to reflect Malaysian food sovereignty. LPP must also play a bigger role to empower farmers.

“For the country's food security to run effectively, there need to be a multi-stakeholders' approach.

“All parties should be involved such as the state governments on land issues, Health Ministry with regard to food safety and nutrition aspects related agencies such as Farmers Organisation Board and Domestic Trade, Co-operatives and Consumerism Ministry among others,” adds Anni.

Federation of Malaysian Vegetable Growers Association secretary-general Chay Ee Mong says recently vegetable cultivation in Malaysia holds big prospects given the industry's strength in terms of conducive lowland and highland climate, minimal risks of natural disasters, market opportunity especially with 23% or 184,000 tonnes per year of local vegetables exported to Singapore and the fund for food/incentives given to farmers.

However, on the other hand, since it was free to import vegetables from China, Thailand, Indonesia and Australia, this had made it uncompetitive for local vegetable producers.

Other weaknesses within the industry include shortage of cheap and skilled workers, lack of cold chain facilities, poor packaging and handlings causing about 20% to 30% damages had affected the quality of local vegetables.

Prices also were determined by wholesalers and sometimes through many hands, resulting in a big difference between ex-farm and retail prices, adds Chay.

Malaysia's consumption of vegetable per capita is only 49kg per year, which is very low compared with other developed countries.

He projects the land bank required for self-sufficiency in vegetable at about 30,000ha.

Currently, the total vegetable cultivation area is 38,000ha or 0.61% of the country's total agriculture area.

The country's vegetable production is 800,000 tonnes per year versus the local requirement of about 1.06 million tonnes annually.

Vicious side-effects of inflation - The Star

COMMENT
By JAGDEV SINGH SIDHU


IT depends which side of the equilibrium a country is on. To generalise things, if a country is not blessed with abundant raw materials, then the higher price of commodities will be an ever-growing burden with each upward tick in prices in London, Chicago or whichever commodity market in the world.

If a country is a huge exporter, then the reverse is true. Cash will flow like a geyser erupting from the earth, people's wallets would bulge and the good times will roll.

In reality though, the consequences and effects of higher commodity prices on an economy is somewhere between those extremes with productivity, skills, and the dominance of non-commodity dependent businesses having a scale-tipping influence on a country's ability to withstand higher raw material prices.

In the past, supply shocks or war were seen as the primary driver of commodity prices. Not anymore.

In today's world, shocks are amplified by liquidity. Futures contracts which started as a pure hedging instrument and tools of hedge funds seeking to make the most returns they can.

With liquidity pumped into the world economy, thanks to quantitative easing and super low interest rates, money has found its way into all sorts of asset classes including commodities.

The direct consequence of money chasing commodities has been to drive up inflation. The reason why inflation is the scourge of any economy is that it saps investments and makes people spend less. When that happens, growth takes a terrible dip and when wages are raised to keep pace with inflation, that would lead to an inflation spiral.

As raw inputs become more expensive, costs of goods will rise and when salaries do not correspondingly match the increase in inflation in a number of countries, trouble will brew.

In the Middle East, inflation was one of the causes of political turmoil seen there although oppressive regimes are more the real reason for unhappiness there.

In Asia, inflation pressures are being felt in a number of countries and interest rates have been raised as a mechanism to fight inflation. Hiking rates up would crimp on growth and many countries in Asia can afford to do just that as growth in this part of the world has been much higher than any other region in the world.

In Malaysia, policy makers have chosen not to go down the route of any of those avenues. In fact, the one thing that the Government wants to dismantle slowly is actually helping to keep inflation in check subsidies and price controls.

From oil to cooking oil to flour to a host of other food and transport charges, the long and not so invisible hand of the government has worked to keep prices in check.

That has led to distortions, yes, but essentially it has absorbed the cost pressures that otherwise would have been transferred to the public.

With subsidy cuts now being scaled back and the high commodity prices is also helping the government to continue absorbing cost pressures.

As Malaysia is a net oil exporter, the government stands to profit from every US$1 increase in the price of crude oil.

Another way for the country to absorb the higher commodity prices is to produce more food. Even though land in the country is extremely fertile, food production has declined over the years as the country moved towards manufacturing from an agriculture based economy.

Malaysia now spends roughly RM13bil a year importing food like fish, meat, potatoes , fruits and vegetables and if more Malaysians start to see that agriculture could be an profit centre if done on a larger scale, then that would lessen not only the amount of cash going out of the country to purchase basic foodstuff but also lessen the impact of food inflation.

Signs of rising inflation - The Star

Source: http://biz.thestar.com.my/news/story.asp?file=/2011/4/9/business/8446879&sec=business

By Cecilia Kok


IF you think inflation is only reflected in the prices of the products we consume, think again.

It seems some traders, prohibited from raising the selling prices of their goods and services, are resorting to some other ways to sustain their bottom lines amid a high-cost environment. And that include having their products come in smaller packages but sold at the same old prices, and some, in a more sinister way, are cutting corners.

In the case of journalist Yvette G (not her real name), who is also a foodie, a recent lunch with her colleagues at one of their favourite restaurants in the Klang Valley turned out to be a thoroughly unsatisfying experience. Her favourite Spaghetti Aglio dish is now served in a portion half the size it used to be, and the taste, “missing the mark, as some secret' ingredients of the chef seem to have been omitted from the recipe”, she claims.

It is unmistakable that the rising global commodity prices are squeezing the margins of local producers. Yes, consumers are also feeling the pinch, but given the presence of subsidies and, to a certain extent, price controls in the economy, domestic inflation as measured by the consumer price index (CPI) is still relatively mild compared to other countries in the region.

At present, the burden of high commodity prices still falls largely on producers, who are more dependent on imports, compared with consumers, argues RAM Holdings Bhd economist Jason Fong.

Data from the Statistics Department show that Malaysia's producer price index (PPI), which measures the change in input prices, has been accelerating faster than CPI, causing their gap to widen substantially.

In February, PPI rose 7.2% year-on-year (yoy), while CPI rose 2.9% yoy, compared with a growth of 6.9% yoy and 2.4% yoy, respectively, in January.

The increasing producer prices, resulting from higher commodity and raw material prices, will continue to put upward pressure on production costs, Affin Investment Bank chief economist Alan Tan says.

Economists believe that sooner or later producers will have to pass on some of the burden to consumers.

“With economic activities remaining healthy on the back of higher private consumption, we believe some manufacturers will continue to pass the higher production costs to consumers in the form of higher consumer product prices to protect their profit margins. This will then translate into even higher inflation,” Tan explains.

In the meantime, with the cost pressure still higher on producers, one shouldn't be too surprised the next time one finds the package of goods or services now comes in a smaller size. That's one way to cut costs.

Wednesday, April 6, 2011

RM9.6b to maintain fuel prices last year - The Sun

Source:http://sun2surf.com/articlePrint.cfm?id=59660

By: (Tue, 05 Apr 2011)

newsdesk@thesundaily.com

KUALA LUMPUR (April 5, 2011): The government last year forked out RM9.6 billion in subsidy to maintain fuel prices.

Deputy Finance Minister Datuk Donald Lim Siang Chai said although there was no guarantee that the price of RON95 fuel will remain, the government is doing its best to keep the price low so that it will not burden the people.

"We all know by now that the global oil prices reached the record high of US$108 (RM327) per barrel. Therefore, it is not easy to guarantee that the fuel price of RON95 will remain low, but we have taken all the necessary steps to control the price," said Lim.

He said this in reply to a supplementary question raised by Salahuddin Ayub (PAS-Kubang Kerian) who asked if the government will guarantee the minimum price for RON95 as the price for RON97 has increased tremendously since its prices were determined by a market float.

Last Friday, the pump price for RON97 petrol went up 20 sen a litre to RM2.70/litre.

Earlier, Datuk Bung Mokhtar Radin (BN-Kinabatangan) asked the ministry the total amount of subsidy the government has to bear to ensure the prices of controlled items remain low in the market and how much the government has saved from rationalisation of the subsidies.

Lim said the government has spent RM14.2 billion in subsidy as of last year alone to maintain the prices of controlled items.

He explained that 81% or RM11.5 billion of the subsidy has been spent to ensure the controlled goods remain under the market price.

"This includes RM9.6 billion for fuel subsidy, RM828 million for cooking oil subsidy scheme, RM708.2 million for sugar subsidy, RM287.9 million for rice subsidy and RM88.2 million for flour subsidy," he said.

Lim said despite the cost, the government still managed to save RM750 million in 2010 since the rationalisation of the subsidies for fuel and sugar which came into force on July 16 last year.

"Similar programme was later implemented on Dec 4, 2010 on the two same items and the government has saved RM1.18 billion from this," said Lim.

He added that the savings from the subsidies allows the government to channel it to education and health sectors under the National Key Results Area (NKRA).

--- end ---

Saturday, April 2, 2011

Harga Petrol Ron 97 Naik Lagi...




Petrol RON97 naik 20 sen, kuat kuasa tengah malam ini
April 01, 2011

Sumber: http://www.themalaysianinsider.com/bahasa/article/petrol-ron97-naik-20-sen-kuat-kuasa-tengah-malam-ini/

KUALA LUMPUR, 1 April - Harga petrol RON97 akan mengalami kenaikan 20 sen seliter mulai tengah malam ini, demikian menurut sumber-sumber industri hari ini.

Dengan kenaikan itu, bahan api RON97 akan dijual RM2.70 seliter - kadar peningkatan paling tinggi tahun ini.

"Baru petang ini kami menerima notis pengesahan (daripada kerajaan) mengenai kenaikan, 20 sen seliter kali ini," kata sumber kepada The Malaysian Insider.

Ini kenaikan kali ketiga tahun ini. Ia mengalami kenaikan 10 sen seliter berkuat kuasa 31 Januari lalu.

Harga RON97 yang diapungkan mengikut pasaran minyak dunia semasa, naik sebanyak 15 sen pada 1 Disember lalu, menjadikan RM2.30 seliter dan kemudian RM2.40 seliter mulai awal Januari lalu.

"Kenaikan kali ini hanya membabitkan petrol RON97, yang lain-lain kekal tidak berubah," kata sumber itu.

Februari lalu, Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan Datuk Ismail Sabri Yaakob berkata kerajaan sedang mengkaji semua opsyen bagi membolehkan kerajaan tidak menaikkan harga petrol RON95 dalam waktu terdekat walaupun berlaku kenaikan harga minyak global.

Disebabkan harga RON97 diapungkan kerajaan memutuskan untuk tidak mengumumkan perubahan harganya dari semasa ke semasa.