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PM announces rationalisation of fuel subsidies

Publish date: Tue, 21 May 2024, 10:10 PM

PETALING JAYA: The cabinet has agreed to rationalise subsidies for diesel and RON95 petrol, says Prime Minister Datuk Seri Anwar Ibrahim.

Anwar said this would begin with targeted diesel subsidies first, with that for RON95 petrol later.

He also said this would come into effect in the peninsula initially, and later for Sabah and Sarawak.

"Almost all families in Sabah and Sarawak use diesel for transportation every day. So, we will postpone this move there," he said in his speech televised live nationwide on Tuesday (May 21).

To prevent any drastic increases in the cost of goods and services, Anwar also said diesel subsidies will be given to traders.

This involves 10 public transportation vehicles and 23 goods transport vehicles.

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the more rules the more corruption

3 weeks ago

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