Gov’t to focus on targeted diesel subsidy initiative first before deciding on RON 95 move – finance minister II

Gov’t to focus on targeted diesel subsidy initiative first before deciding on RON 95 move – finance minister II

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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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

  • talkkokking on Jun 13, 2024 at 11:26 am

    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 …..

    Like or Dislike: Thumb up 16 Thumb down 0
    • RM1.50/L petrol mana? on Jun 13, 2024 at 5:36 pm

      As above.
      PH Gomen continue to troll millions of Msians

      Like or Dislike: Thumb up 12 Thumb down 0
    • louis on Jun 13, 2024 at 8:42 pm

      I don’t have high hope since they are still the same people running the gov after all.

      Like or Dislike: Thumb up 0 Thumb down 1
      • RM1.50/L petrol mana? on Jun 14, 2024 at 6:02 pm

        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.

        Like or Dislike: Thumb up 5 Thumb down 0
  • Bieight8 on Jun 13, 2024 at 11:51 am

    Should remove all fuel subsidise but give more tax incentive for hybrid cars

    Like or Dislike: Thumb up 4 Thumb down 12
    • Crony on Jun 13, 2024 at 5:38 pm

      Subsidy removal only benefits the rich not the poor. Sad Malaysia

      Like or Dislike: Thumb up 5 Thumb down 1
    • Contradiction on Jun 14, 2024 at 2:32 pm

      That will only help the rich, not the poor B40. Is PH only for the rich?

      Like or Dislike: Thumb up 4 Thumb down 1
  • 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?

    Like or Dislike: Thumb up 10 Thumb down 0
    • The Truth on Jun 14, 2024 at 8:43 am

      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

      Like or Dislike: Thumb up 13 Thumb down 0
      • Dah Menang Semua on Jun 14, 2024 at 2:33 pm

        Zaman-PR ke PH-Unity?
        Zaman-PR dulu ade PAS

        Like or Dislike: Thumb up 1 Thumb down 0
        • Angry Voters on Jun 14, 2024 at 6:03 pm

          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!

          Like or Dislike: Thumb up 4 Thumb down 0
  • 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.

    Like or Dislike: Thumb up 9 Thumb down 0
  • anwar menang rakyat dikencingkan on Jun 13, 2024 at 8:17 pm

    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…

    Like or Dislike: Thumb up 4 Thumb down 0
  • Sohai on Jun 14, 2024 at 8:01 am

    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.

    Like or Dislike: Thumb up 4 Thumb down 0
    • Yeah do that and S&S will seek to leave Malaysia and bring their oil & balak wealth with them.

      Like or Dislike: Thumb up 4 Thumb down 0
 

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