Gov’t to rechannel diesel subsidy savings to STR cash contributions, improving public transport – PM Anwar

Gov’t to rechannel diesel subsidy savings to STR cash contributions, improving public transport – PM Anwar

The RM4 billion in savings gained from the removal of the blanket subsidy for diesel will be rechanneled to the people, particularly through improved public transportation and the Rahmah Cash Contribution (STR) programme, says prime minister Datuk Seri Anwar Ibrahim.

“The savings (from targeted diesel subsidies) will support public transportation needs. Imagine the STR for nine million recipients of direct cash subsidy, which amounts to RM10 billion. The funds from the targeted subsidy are not for increasing ministerial allowances or other interests; I focus on assisting the people,“ he said.

While acknowledging that the move to a targeted subsidy is not a popular one, the PM said that he will continue to do his best for the country despite being criticised, stating that he wants to prove that not all politicians are looters, arrogant and abuse the people, as Bernama reports.

Gov’t to rechannel diesel subsidy savings to STR cash contributions, improving public transport – PM Anwar

“Just as the people say about targeted subsidies (diesel), I have also been criticised a lot (also) about the civil servant salary scheme. But I don’t care if they want to to admonish me, I have a mandate and I will do it. When the time comes I have to go, I’ll go. But while I am here, I am going to stay and fight for what is right to make sure Malaysia emerges as a great nation in Asia,“ he said.

Anwar emphasised that the targeted diesel subsidy was implemented to ensure it did not benefit the very wealthy and foreigners. “I told the cabinet we need to make wise decisions, we must assist the majority of the people,” he said.

“We should not provide subsidies to the very wealthy, large industries and foreigners. (This) is not discrimination against foreigners because foreigners do not pay taxes, the levy (they pay) is very little. Our main responsibility is to our citizens,“ he added.

Gov’t to rechannel diesel subsidy savings to STR cash contributions, improving public transport – PM Anwar

He said that the implementation of the targeted diesel subsidy has been well received by parties within the unity government as well as some opposition parties, and the programme will be monitored to prevent issues. “So far, the statements from PAS leaders seem rather moderate, not opposing but merely monitoring. There are no issues because the opposition should monitor the implementation, and so should we,” he said.

Anwar emphasised that the switch to a targeted fuel subsidy was one element of the government’s major decisions at the moment, aimed at saving the country and improve aspects of public transportation and education.

The retail price of Euro 5 B10 and B20 diesel at petrol stations in the peninsula was increased from RM2.15 to RM3.35 per litre on June 10, Presently based on the Automatic Pricing Mechanism (APM) formula for the month of May, diesel prices (including for Euro 5 B7) will be announced weekly following the current practice, according to second finance minister Datuk Seri Amir Hamzah Azizan.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • Ben Yap on Jun 12, 2024 at 11:18 am

    Cash handouts to the B40 should be stop for good. they are not fishing for themselves and always rely on government to fish for them. for so many decades and generation after generation, they have not pick themselves up.

    Like or Dislike: Thumb up 35 Thumb down 1
    • Lala Land on Jun 12, 2024 at 4:29 pm

      Handouts is to fish for their votes lor my friend. The middle class people are the one that suffer. They get nothing!

      Like or Dislike: Thumb up 11 Thumb down 0
      • Lets See on Jun 13, 2024 at 11:57 am

        Lets see if the middle class still want to get scammed and continue to vote PH or not. Obviously KKB voters loved to get scammed.

        Like or Dislike: Thumb up 8 Thumb down 0
    • Overhyped,overbantuan, B40 on Jun 12, 2024 at 5:19 pm

      Your Excellency Ben Yap
      You are right.
      The B40s have been overhyped in terms of cash handouts,bantuans non stop.
      Anwar,dont give them tenggiris..help them to learn how to fish tenggiris.
      You go to those places they stay…like the badminton commentator said…CANT BELIEVE IT.They have rows and rows of new Peroduas,protongs,Vios,City etc They r not really poor.If poor,how to afford hire purchase loans of new cars?
      A new category DBB40..dibawah B40 should be created for the really hardcore poor.

      Like or Dislike: Thumb up 5 Thumb down 0
    • hazri on Jun 12, 2024 at 8:51 pm

      who starts this problem? najib bagi brim.

      Like or Dislike: Thumb up 4 Thumb down 8
      • Rakyat Malaysia on Jun 13, 2024 at 9:20 am

        When PM Najib is back and running the country with a pure BN Gomen with full rakyat support, he will start by lowering the PH cekik darah taxation thru a lower 6% GST to replace 8+10% SST, then direct payments of cash to B40 via BRIM2.0, then inflation will be lower when our RM rises back to RM 2.5 per USD, with a stronger ringgit there will be less reasons for foreign cars to come take our subsidised petrol so there continue to have cheaper petrol for our rakyats, with a stable gomen back on track to high income more investments will flow and this brings more professional jobs for educated rakyats then they no more need to leave the country to work, this helps to bring more prosperity & happiness to all rakyat when everyone has jobs and money in their bank accounts.

        We can’t wait for the day to kick out useless PH Gomen & PMX into Klang River which they repolluted after Najib has cleaned it up! Rakyat was truly senang under PM Najib now we regret putting him down.

        Like or Dislike: Thumb up 12 Thumb down 3
    • opmanmy on Jun 13, 2024 at 7:57 am

      Well said. Stop the subsidy. They will learn how to fish for themselves. Tongkat mentality gen after gen.

      Like or Dislike: Thumb up 4 Thumb down 4
      • Sick & Tired on Jun 13, 2024 at 9:57 am

        People are tired of price hikes when they have already been bled dry

        Like or Dislike: Thumb up 8 Thumb down 0
  • “We should not provide subsidies to the very wealthy, large industries and foreigners. (This) is not discrimination against foreigners because foreigners do not pay taxes, the levy (they pay) is very little. Our main responsibility is to our citizens,“ he added.

    now the super wealthy perform a price hike on everything the majority citizens touch, lets see how that can be beneficial to us majority citizens, and they will give more Najib-esque cash handout to woo B40, and let M40 and SME owners fight for their own life

    Like or Dislike: Thumb up 17 Thumb down 0
  • RM1.50/L petrol mana? on Jun 12, 2024 at 11:46 am

    As above.
    PH Gomen continue to troll millions of Msians

    Like or Dislike: Thumb up 22 Thumb down 2
  • TransNational on Jun 12, 2024 at 11:50 am

    ironically, the long distance bus is excluded in this?
    Is like I slap you and I give you a piece of cake.

    Like or Dislike: Thumb up 12 Thumb down 0
  • hazri on Jun 12, 2024 at 1:03 pm

    Terbaik

    Like or Dislike: Thumb up 1 Thumb down 7
  • Make Polluter PAY on Jun 12, 2024 at 1:48 pm

    YES Save Malaysia
    GO Green

    EV Acceleration is GOD Level

    Like or Dislike: Thumb up 1 Thumb down 3
  • Azmir on Jun 12, 2024 at 2:17 pm

    left pocket, right pocket.
    T20 should be taxed lower since they are the losing party the most.
    – salary tax to the max
    – no subsidy anywhere
    – whatever aid cash not eligible
    – buy ICE car, no subsidy. Buy EV, so expensive

    They work harder just to get their earnings cut further. What world are we living here? Totally imbalance proposition for T20’s

    Like or Dislike: Thumb up 7 Thumb down 1
  • fudgemesideways on Jun 12, 2024 at 2:22 pm

    Spend on schools la. We have LRT stations that look modern, but our schools still have canteens that look like prison canteens.

    Like or Dislike: Thumb up 4 Thumb down 0
  • OKU Menteri Malaysia on Jun 12, 2024 at 4:37 pm

    Kalau betul betul nak buat duit, guan lah otak sikit dan cuba cari wang dari orang asing dan bawa balik ke Malaysia. Siap tak tahu buat duit dari rakyat. tu benda paling senang dan tak payah guna otak.
    Mai saya ajar cara paling senang buat duit sekarang tanpa membebankan rakyat dan kamu sebagai menteri OKU pun akan nampak pandai sedikit. Beli minyak mentah dari Rusia, proses kat Malaysia dan jual ke Eropah pada harga 2-3 kali ganda tapi jual pada harga yang murah sedikit daripada apa yang India jual ke Eropah. Konpirm kita boleh sapu banyak bisnes minyak dari India. Mereka pun buat benda sama je. Saya garenti tak sampai 6 bulan, Malaysia kaya semacam sampa tahap boleh bubarkan tol dan kurangkan harga petrol dan diesel.

    Like or Dislike: Thumb up 4 Thumb down 0
  • trust_rendah on Jun 12, 2024 at 5:23 pm

    masih boleh percaya PMX?

    tak ikut manifesto cakap sebab tak boleh banding. maksud sekarang less oil export?

    Like or Dislike: Thumb up 7 Thumb down 0
  • DonkeyKong on Jun 12, 2024 at 9:27 pm

    STR = sentiasa tipu rakyat

    Like or Dislike: Thumb up 9 Thumb down 1
 

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