Is RON95 subsidy going? Economy Ministry wants diesel to stabilise first

A person is seen refuelling a a diesel vehicle in Kajang in this June 9, 2024 file photograph. — Picture by Shafwan ZaidonKUALA LUMPUR, July 5 — The Ministry of Economy has emphasised that the focus and priority are now on the implementation of diesel subsidies until the targeting of diesel subsidies becomes stable and achieves the set objectives.

The government is also examining the need to implement subsidy rationalisation for RON95 petrol, the ministry stated on the Parliament’s website yesterday. “The fuel subsidy targeting initiative has commenced with diesel subsidy to ensure the country’s economic sustainability by reducing leakages from smuggling activities and minimising the impact on the cost of living.

“Through this approach, the targeting of diesel subsidies is expected to generate savings of RM4 billion for the government and can provide a wider fiscal space in improving the quality of public services,” said the ministry.

“Padu is still in the improvement stage, and data integration will continue to be implemented from time to time,” said the ministry. — Bernama.

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