According to a report by Bernama, the government estimates that over RM250 million in diesel leakage has been prevented due to smuggling or misappropriation at fuel stations along the Peninsular Malaysia borders since the fuel subsidy rationalisation programme began on June 10 this year.
Finance minister II Datuk Seri Amir Hamzah Azizan, who previously said Malaysia is facing a serious problem with subsidised diesel leakages, stated that diesel sales decreased by 23% or 6.5 million litres per day, while commercial diesel sales increased by 4.8 million litres per day.
He added that when diesel was at a subsidised price of RM2.15 per litre, businesses sourced diesel from petrol stations instead of purchasing commercial diesel at over RM3 per litre. “Now, with the petrol station price set at RM3.35 per litres, the industries have shifted to buying commercial diesel,” Amir Hamzah said.
“Petrol stations near the northern border have also experienced a 40-50% drop in sales, indicating a decrease in smuggling activities to neighbouring countries due to reduced profit margins for smugglers, he added.
The implementation of the fuel subsidy rationalisation programme, which includes targeted diesel subsidies, is expected to save the country RM4 billion annually to improve its fiscal position. At present, diesel sold in West Malaysia retails for RM3.35 per litre, while it is RM2.15 per litre in Sabah, Sarawak and Labuan due to specific reasons.
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Propaganda
250mil saved out of 4000mil… diesel subsidy not substantial enough… PMX amd Rafizi is coming for the Petrol Subsidy
PADU also used rm85m already and counting.
Not much savings in the end.
Honestly ding dong here and there, the money at the end of the day is like taking more people’s money and put into govt own pocket.
Remember, sales low locally but sales increased internationally, so who earn at the end of the day?
if Madani Gov improve system to monitoring leakage of diesel due to smuggling or misappropriation at fuel station better than increase the price
You are too naive. Firstly the smuggling issue isn’t very big, maybe few cases only. This is just an excuse to raise the price so the cronies can get richer.
Leak here, Leak There. Our Enforcement Agencies are either sitting on the arses makan gaji buat, Or Closing their Eyes Makan rasuah.
In the end, always the common citizens that suffers the punishment
Already don’t know how much real income was loss among the people due to price hike and unfair distribution caused by half baked implementation plan. People are just waiting for GE. You can continue to live in your Lala World that everything is still good.
Border x reti jaga, last2 rakyat kena tekan. Hukuman rasuah patut digubal & dikenakan hukuman gantung/firing squad je.