Finance minister II Datuk Seri Amir Hamzah Azizan said the government will focus on the implementation of its targeted diesel subsidy programme before it decides to move on to further related matters, The Star reports.
“We are only focusing on (targeted) diesel subsidy for now, and once there is stability, we will look at what can be done next,” he said when asked about a timeline for a targeted subsidy to be implemented for RON 95 petrol, which the government has previously said was on the cards to be introduced this year.
He said that fuel subsidy reforms were not being taken lightly by the government and needed to be well thought out. “It is very important to think about how we can do this and how it will impact the people,” he said.
Amir Hamzah said that the subsidy reform agenda being carried out by the government is aimed at reducing the country’s fiscal deficit so it can reinvest into things that are important. “Over time, there has been leakage of subsidies caused by smuggling of petroleum products and subsidies enjoyed by sectors who do not deserve them,” he said.
He said that despite it only being a week in, the diesel subsidy rationalisation initiative – which has seen the retail price of the fuel being increased from RM2.15 to RM3.35 per litre – was working. He stated there had been a drop in the purchase of diesel at fuel stations located at the country’s borders, meaning there was less movement of the fuel into Thailand.
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talk so much for what…
people want to see whether corrupted money, abuse of power, songlaps and the thieves all all got busted or not?….
if all the above tak ada wayang, then people more or less can accept the no subsidy thing else mana boleh accept …..
As above.
PH Gomen continue to troll millions of Msians
I don’t have high hope since they are still the same people running the gov after all.
Betul bro tapi ramai org Mesia ingat mrk pandai sbb pilih PH. Mana la tau nasi dah jadi bubur dah jadi taik dan rakyat semua kena makan taik ni.
Should remove all fuel subsidise but give more tax incentive for hybrid cars
Subsidy removal only benefits the rich not the poor. Sad Malaysia
That will only help the rich, not the poor B40. Is PH only for the rich?
Well duhh of course la less movement to Thailand. At the same time, you haven’t reason out how you derive the RM200 to be given to the rakyat. Do you know the average movement of lorries, pick up trucks? How do you justify RM200 doesn’t cause inflation in our country? No data and simply pluck figure from a tree is it?
Abolish GST replace SST will make things cheaper – pluck from tree
PH will abolish all tolls when become gomen – pluck from tree
PH will reduce petrol to RM 1.50/L – pluck from tree
PH will abolish all PTPTN loan debts – pluck from tree
PH will reduce corruption – pluck from tree
PH will be more transparent with tenders – pluck from tree
Zaman-PR ke PH-Unity?
Zaman-PR dulu ade PAS
According to PMX mentri formula it is all paid for with higher global oil prices. They must give what they promised!
Pakatan Rakyat Leader = Pakatan Harapan Leader PMX
Promises of Pakatan Rakyat for RM1.50/L petrol = Promises of Pakatan Harapan
Stop defending and give us cheap fuel that we voted for!
scared already, dish out all moves together they scared rakyat will topple them immediately, so they perform one trick at a time, and businesses will raise price each and every time.
they will announce after Sg Bakap PRK!!…Win or lose, they will increas it because all natural gas taken out of Sarawak is going to new company Petros…so federal is going to lose a lot of revenue…
Can update on PADU? How is it helping so far?
As for RON 95, my suggestion is start off with East Malaysia, since peninsula did the diesel first.
Should be easier to implement right since they mostly use diesel.
Yeah do that and S&S will seek to leave Malaysia and bring their oil & balak wealth with them.