The government says it is continuing to shoulder more than RM10 billion in diesel subsidies annually despite having carrying out its rationalisation of the fuel, which has seen its retail price climb to RM3.35 per litre.
According to the finance ministry, this was from subsidies offered through various avenues, the New Straits Times reports.These include RM1.8 billion being dispensed via the Budi Individu and Budi Agri-Komoditi cash assistance programmes, which provides RM200 monthly aid to eligible recipients in these categories.
Additionally, RM3.3 billion is allocated for diesel users in Sabah and Sarawak, while RM4 billion is provided for the public transport/logistic sectors, where diesel is priced at RM1.88 per litre for 10 types of public transport vehicles and RM2.15 per litre for 23 types of logistics vehicles under the subsidised diesel control system (SKDS) 1.0 and 2.0 schemes. Fishermen also continue to benefit from RM1.2 billion in subsidies, with diesel priced at RM1.65 per litre for them.
However, it said that the country’s operating expenses with regards to diesel subsidies had been lowered by RM4 billion from RM14 billion as a result of the switch to targeted subsidies. The ministry said this in a written reply to a question by Ahmad Fadhli Shaari (PN-Pasir Mas), who asked about the anticipated savings from the rationalisation of fuel subsidies.
Last year, Malaysia’s allocation for subsidies was around RM81 billion, and the bulk of it went to fuel subsidy to keep RON 95 at RM2.05 per litre and diesel at RM2.15 per litre. The government has said that the annual savings of around RM4 billion in the removal of blanket diesel subsidies will be used to improve the quality of life for the wider public through the provision of quality public transport infrastructure and more comprehensive social protection.
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need east malaysian votes right? so pay for it la.
Talk so much no use one lah. You think these B40 will understand? They only want bantuan, bantuan and kwsp withdrawal.
You reap what you sow. They have been kept stupid for generations and now you out of a sudden want them to understand economics/finance? Good luck.
As above
You are the law maker… why complaining? standardize cross the country.
Sabah & Sarawak anak emas… semenanjung anak tiri
Bukan sebab anak emas dgn anak tiri….. Takut kalah pilihanraya Borneo… Kerusi parlimen paling banyak disitu….
bukan petros sudah pindah situ sama Sarawak kah, suruh la Petros subsidize sendiri
‘3.3b’ to maintain for East Malaysia…
Sure or not 3.3b? How many ‘b’ goes to the hidden hand?
Pity those Sabahan Sarawakian came to KL together with their diesel pickup or suv
So BS gahmen telling us despite the inflation they caused us, we still have to foot the bulk of diesel subsidies? What is the f**king point then?
Hiya just say la Sabah Sarawak no sandwiching between Singapore & Thailand and Indonesia not much yet smuggling into Kalimantan island due to less activity than Java islands presumably will change in the coming years time.
There is no such thing as subsidy, according to PH mentri formula it is all paid for with higher global oil prices. They must give what they promised!
Pakatan Rakyat Leader = Pakatan Harapan Leader
Promises of Pakatan Rakyat for RM1.50/L petrol = Promises of Pakatan Harapan
PH stop defending and give us cheap fuel that we voted for!
This kind of bs will only cost them more support. Be fair to all. Either you take away everything or give to everyone. Still want to bluff us….Sabah Sarawak no richmen, foreigners and smugglers??? No wonder don’t dare to face the people in elections!!!
selama ni borneo yang dianaktiri, but after diesel rationalization, then semenanjung bising kata dianaktirikan. kelakar
It’s payback time. How many years did the gov ignore the development of Sabah/Sarawak? 3.3b? More to go.