Economy minister Rafizi Ramli says that the government is studying the expansion of targeted fuel subsidies to incorporate RON 95 petrol, something that has been previously mentioned as being set to happen this year.
However, he said that Putrajaya’s immediate focus remains on the implementation of the diesel subsidy rationalisation programme, which began on June 10, echoing what finance minister II Datuk Seri Amir Hamzah Azizan said earlier this month.
“Currently, the government is prioritising stabilisation of the targeted diesel subsidy to achieve objectives such as enhancing the country’s fiscal sustainability and reducing leakages in subsidy distribution,” Rafizi said in a written parliamentary reply to Radzi Jidin (PN-Putrajaya).
Rafizi explained that fuel subsidies accounted for 12.3% of the government’s total operating expenditure in 2023, prompting the need for subsidy reform. He said that any future adjustment to the RON 95 petrol subsidy will include measures to adequately support affected groups, The Edge reports.
He added that through the diesel subsidy rationalisation, which has seen the retail price of the fuel being increased from RM2.15 to RM3.35 per litre in the peninsula, the government expects to achieve annual savings of around RM4 billion, and these savings will be used to improve the quality of life for the wider public through the provision of quality public infrastructure and more comprehensive social protection.
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This will be next after fuel rationalisation,
https://www.bloomberg.com/news/articles/2024-06-25/malaysia-s-carbon-tax-ambitions-need-to-overcome-fuel-subsidies?srnd=homepage-uk
PLs increase to Rm4/litre.
After all,even at Rm5/litre..all the menteris got Ahmad or Ah Chong or Muniandy as drivers of Alphards or Camrys.
The only benefit returned to rakyat is the 3 sen price reduction of eggs,costing Rm100 juta only..and the rich also benefit.
So where is the RM3.9 Billion savings as promised?
Look at our public hospitals…patients got to wait 3 to 6 months just to see specialists…if u need surgery..then add few more months.
We have an ageing population that needs better ,more urgent treatment.
If u need heart surgery,add 12 months on top of the usual consultations.
Dont take PH voters for granted..one fine day they vote regime change,if prices of every damn thing,spiral out of control.
Almost all gov hospitals in the WORLD where countries provide almost free medication are same having long waiting period. If you don’t want wait then buy private medical insurance. Malaysia not the worst if you compare to Europe where most patients are advice to go home take rest. Even if you got appointment with the doctor, he can absent because he was on unplanned vacation.
The Anwar gov is trying to save the country by cutting subsidy on fuel. With this save we hope gov can spend more on public education, health care, build pedestrian walkway that encourage public to take public transports etc.
Auto driver ..so where is your anwarkor’s spending on healthcare? Zero…zero,,zero..nothing is budgeted from the 4 Billion savings..all cakap cakap bola je.
Cepat2 implement jer
Usah la wayang lagi
Walanon sapoter detected
Thete are little napoleans hindering employment of qualified doctors into our health system. Same with lawyers. And gomen seems oblivious to the problem.
Our total subsidy bill last year was RM80 bil. The gomen need to cut that in half.
Prices ady spiral out of control. So when PH voters will do regime change? Jangan cakap wayang sahaja! DO IT!
To Mentri formulaman. As above.
PH Gomen continue to troll millions of Msians
No cheap alternative. channel every single cost to Rakyat. licker will say our fuel price lower than other countries. what about car price? housing? food? wait, salary is lower than other country as well!
So best keep the fuel price low, reduce tax on car, increase salary, no GST, best gov can subsidy more while rakyat goyang kaki at home. How the hxll government got income to fund on all these things. Most of the income source come from tax and yet the biggest race is not contributing much income tax like other races. SST tax income is way lesser than GST or VAT, otherwise why over 170 countries applying GST or VAT, not SST.
Malaysian salary compared to developed countries of course we are lower. But we are 2nd or 3rd among the South East Asia. High salary always accompany with high stress. Try work with Singaporea, Japan or Korea countries, the stress levels are few times higher than Malaysia. Compere to Europe, in average European pay at least 20% of income tax despite of lower income and GST or VAT average in 20%. Their car is cheap but fuel price is high. Norway produce petroleum like Malaysia, their income tax is flat at 22%, GST at 25% meanwhile petrol Ron95 is almost RM 10 per litre.
rakyat kena scam – mahaldahni
please take another 3 years to study.
Look at the brighter side. With the increase, we’ll see lesser B40 mat rempit and mat wira/saga reput on the road. Then less jam.
Mak tempit on the road is so minor and increase in fuel, do u think it makes a difference for a motorcycle furl tank cost?
You wish, lol.
Pizi, please tell us something we don’t already know.
World talk ABT technology n new innovations here daily have this type of sh****t issues only,wt**** Bez of Kampong orang running so call govt
Remove all subsidies and our currency will rise mitigating any inflationary pressure. Current subsidies causing gomen to go into debt.
Bullshit! Brunei subsidise their citizen nearly free yet their country is not facing unnecessary recession like we are. All these inflationary pressure is thanks to stupid gomen backwards policies one such is this subsidy “rationalisation”!!!
Pls rise the RON95 price but hopefully below RM3 per litre. Malaysian just too much rely on private vehicle even if their workplace has a train station. In Klang Valley at least 80% people drive to work and park their car all day long. The car is extremely under utilised. Why people choose to drive to work? Most blame on poor public transport network. Is this true?
In fact MOST people are trying rationalise themselves of owning a car by blaming poor public transport. Those who not having own house and renting a house, why do they need to pay rental meanwhile driving to work and pay car instalment. They should rent a place that nearby train station that can bring them to workplace. Most funny is part many couple renting a house and both driving own car to work. They should rent a house near workplace, at least convenient to one of the duo. Paying a house rental and 2 cars instalment, thats why number of people are getting poor or struggle in life. Rising the cost of car ownership will push these people to take public transport and save up money or building their wealth.
More likely we need shower facilities at work places as sometimes it can be pretty sweaty using public transport.
Just remove the damp thing
Remove the damp squib sitting as Economy Minister
Start this at Sabah Sarawak first since most of them using diesel, and most of us here using petrol..as gov claim and their decide to maintain diesel price in sabah and sarawak..sound fair?
Lets kick this Yahudi government out before its too late. Semua barang harga cam yahudi dah
Anwar menang rakyat senang
I agree remove all fuel subsidies since gov and petrol stations not able to control foreigners come to pump the fuel like no tomorrow, but I think gov should control food price, not only raw food price but also eateries price. Since gov so good at control car price, why not control all eateries price too, if not all eateries always want to increase price with personal reason. Eg. 1 percent charges for using QR to pay, how ridiculous.
Ni semua banyak pandai. Nak kasi global pricing macam negera omputeh, kasi gaji dan standard macam omputeh. Jangan cakap orang sini tak sama omputeh. Majoriti omputeh malas tapi pandai cakap saja.
life is like a pacifier, if sum body take it away, the cry begins but will quicly adapt by using own ‘thumb’ (resources) and gradually grows by walking on own two feet…
Then stop USA from banning China this, and banning China that. Ultimate baby.
Please immediately increase the price of RON95 as I could not wait to see the collapse of present government. Fingers crossed.