Diesel leakage down 78% after subsidy rationalisation

Diesel leakage down 78% after subsidy rationalisation

Leakage of subsidised diesel in Malaysia has dropped by 78% following the implementation of subsidy rationalisation for diesel fuel in Peninsular Malaysia, New Straits Times has reported. Seizures of diesel have also decreased by 87%, deputy minister of domestic trade and cost of living Fuziah Salleh told the Dewan Rakyat today.

Figures for the reduction in leakage of subsidised diesel were derived from Ops Tiris data, and this was based on a comparison of the 20 days before and after the diesel subsidy rationalisation was implemented on June 10, which saw the price of retail diesel increase from RM2.15 per litre by 56% or RM1.20, to RM3.35 per litre.

Retail sales of diesel have dropped by 37% in the first week since the implementation of the subsidy rationalisation, while commercial diesel sales have increased by 44%, and border diesel sales have dropped by 24%, Fuziah said.

Diesel leakage down 78% after subsidy rationalisation

Meanwhile for public and goods land transport, the ministry of domestic trade and cost of living (KPDN) stated that it will be meeting with the five major oil companies operating in Malaysia on Thursday (July 18) to identify a quicker mechanism for issuing fleet cards to eligible applicants to the subsidised diesel control system (SKDS).

The SKDS 2.0 programme began in March this year, with almost 200,000 public transport and goods vehicles having been approved for the scheme as of June 13. As of July 14, a total of 248,887 public and goods transport vehicles involving 88,029 companies have had diesel subsidy applications approved under the SKDS, said KPDN minister Datuk Armizan Mohd Ali.

Looking to sell your car? Sell it with Carro.

Certified Pre-Owned - 1 Year Warranty

10% discount when you renew your car insurance

Compare prices between different insurer providers and use the promo code 'PAULTAN10' when you make your payment to save the most on your car insurance renewal compared to other competing services.

Car Insurance

Mick Chan

Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.

 

Comments

  • anwar menang, rakyat dikencingkan on Jul 16, 2024 at 4:32 pm

    Why only 78%? why not 100%
    So it looks like some gov agency is still involved in leakage?

    Like or Dislike: Thumb up 4 Thumb down 0
    • Ya Mentri on Jul 18, 2024 at 6:10 pm

      Coz we say 78% lor. It could be 88% you not belip. It could be 98% you also not belip. 100% lagi not belip. So we make up number 78% to con you to belip. Trust us, you gave us your votes wat.

      Like or Dislike: Thumb up 2 Thumb down 0
  • Ah Chong on Jul 16, 2024 at 4:56 pm

    This is a good thing. I know there will be haters for this post again but really think about it:

    If you’re a needy person, there’s a mechanism to assist you and you continue getting subsidy;

    If you’re rich, and pay a lot of tax. Why in earth do you want your tax money to subsidise foreigner or other rich people?

    If you’re rich, pay taxes and consumes a lot of diesel because you think you deserves it by getting back more than you pay, then about time you lose those subsidy.

    If hating anything the government do is a hobby of yours, ah well, go ahead be happy the government is entertaining you.

    Like or Dislike: Thumb up 6 Thumb down 8
    • The Truth on Jul 18, 2024 at 6:12 pm

      If you still happy the gomen is shafting you while telling you lies, then go ahead and be happy. Doesn’t mean everyone else would happy to be shafted.

      Like or Dislike: Thumb up 1 Thumb down 0
  • Kamal on Jul 16, 2024 at 5:04 pm

    Is it really leakage down OR prople simply use less? Or they used their petrol vehicles?

    Like or Dislike: Thumb up 7 Thumb down 1
  • Ben Yap on Jul 16, 2024 at 5:07 pm

    meanwhile, PADU cost went up by 400% from RM2m to RM85m.

    Like or Dislike: Thumb up 5 Thumb down 0
    • Menteri formula bahlol on Jul 17, 2024 at 9:14 pm

      Don’t forget mysejahtera went up 5,550% from RM6m to RM339m. Who was the health minister that time?

      Like or Dislike: Thumb up 5 Thumb down 1
  • TinKosong on Jul 16, 2024 at 5:42 pm

    time to time good news popup… hahahaha

    Like or Dislike: Thumb up 0 Thumb down 0
  • We have been saying for decades to remove all subsidies and focus on strengthening the currency.

    Like or Dislike: Thumb up 1 Thumb down 4
    • We wanted this for decades on Jul 17, 2024 at 9:18 pm

      Remove all lopsided special rights and focus on fair treatment for all

      Like or Dislike: Thumb up 4 Thumb down 1
  • Pro-Palestine on Jul 17, 2024 at 9:04 am

    Kalau nak tipu baik tipu all the way. Might as well say diesel leakage stopped 100%. Ingat semua Malaysians bodoh ke? Throw our some figures and expect everyone to believe

    Like or Dislike: Thumb up 9 Thumb down 2
    • The Truth on Jul 18, 2024 at 6:12 pm

      Some zombiac brainless PH supporters above still believe them

      Like or Dislike: Thumb up 2 Thumb down 0
 

Add a comment

required

required