KUALA LUMPUR: Petronas Dagangan Bhd (PDB) is in discussions with the Ministry of Finance (MoF) regarding the spike in the government’s fuel subsidy bill this year, as a result of high global oil prices, says PDB managing director and CEO Azrul Osman Rani.
According to a recent statement by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, spending on fuel subsidies may reach RM28bil this year if global oil prices continue to trend above US$100 (RM435.65) per barrel, compared with RM11bil on the fuel subsidy bill in 2021.