Diesel subsidy rationalisation has saved Malaysia RM600mil each month since programme began: Anwar

Diesel subsidy rationalisation has saved Malaysia RM600mil each month since programme began: Anwar

The government says that the subsidy rationalisation for diesel fuel has significantly reduced leakages caused by smuggling and misuse by ineligible businesses to the tune of around RM600 million each month, the New Straits Times reports.

According to prime minister Datuk Seri Anwar Ibrahim, this has been the monthly savings that has been achieved since the implementation of the Subsidised Diesel Control System (SKDS) 2.0 programme up until December 31. He said that the success of this initiative was reflected in a significant 25% reduction in diesel sales at petrol stations, translating to a decrease of nearly seven million litres per day.

“Sales of commercial diesel have increased by almost 50%, or by four million litres per day, indicating the substantial amount of subsidised diesel that was previously being purchased by the industrial sector from petrol stations before the controlled floating of retail diesel prices,” he said in a written parliamentary response to Cha Kee Chin (PH-Rasah).

Diesel subsidy rationalisation has saved Malaysia RM600mil each month since programme began: Anwar

Cha had asked about the total accumulated amount of diesel subsidy savings for the previous year since the implementation of SKDS 2.0 began on June 10, and how these savings were being used for the benefit of the public.

Anwar replied that the savings have enabled the government to allocate funds for various development projects, including improvements to public infrastructure, healthcare, and education. “These projects will focus on the construction and repair of roads, bridges, hospitals, health clinics, and schools, benefiting the public as a whole,” he said.

He added that these savings had also allowed the government to reallocate funds for social support programmes such as cash assistance initiatives like the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (Sara), by increasing the allocation for STR and Sara to RM13 billion from the RM10 billion in the previous year.

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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

  • eh eh on Feb 27, 2025 at 11:00 am

    can remove the 20L limit 50km from border? thanks.

    Like or Dislike: Thumb up 1 Thumb down 2
  • newme on Feb 27, 2025 at 12:26 pm

    “These projects will focus on the construction and repair of roads, bridges, hospitals, health clinics, and schools, benefiting the public as a whole,” he said.

    Which public?

    Like or Dislike: Thumb up 11 Thumb down 2
  • Tin Kosong on Feb 27, 2025 at 12:47 pm

    what is the outcome from the saving… eggs goes cheaper ???

    Like or Dislike: Thumb up 8 Thumb down 1
  • Can I advice u something...sip Starbucks machiatto on Feb 27, 2025 at 12:52 pm

    So,7.2 Billion Rm savings…congrats PMX and Rafizi n Co.
    But wait a minute. 3 Billion Rm tambah Bantuan,balance 4.2 Billion Rm…where will this amount go?
    Petronas bantu Madani 32 Billion RM.
    So why cant the 4.2 Billion go to upgrade our public hospitals?
    Today ,u go in wheelchair to Selayang Hospital..u have to wait 15 mins for a lift.Some of the lifts..barricaded no spares forthcoming.
    And extra long queue now cos thousands giving up medical insurance due to steep premium hikes.
    Today,u need bypass..Serdang hosp said ..12 months wait..either u sell hse or die b4 admission to govt hosp.
    PMX,u should divert 30 percent from underperforming education ministry to Kesihatan.
    Or like Nazri said..he is worried PMX can only survive one term…which is not a myth ,anyway.

    Like or Dislike: Thumb up 18 Thumb down 0
  • Ben Yap on Feb 27, 2025 at 4:06 pm

    so i guess the savings went to Gaza?

    Like or Dislike: Thumb up 7 Thumb down 6
  • Ganga pengundi pakatan harapan yg tertipu on Feb 28, 2025 at 11:47 pm

    Send to hamas Palestine Anwar tq

    Like or Dislike: Thumb up 0 Thumb down 0
 

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