Govt to provide fuel, cooking oil subsidies of up to RM8bil this year

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KUALA LUMPUR (Bernama): The government is expected to cover fuel and cooking oil subsidies up to RM8bil, which is RM4.22bil more than the initial RM3.78bil allocated for this year.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the higher allocation this year was due to the increase in current global market prices.

"The government is prepared to bear the higher subsidy expenditure to preserve the well-being of the people and the viability of businesses, especially small traders," the Finance Ministry said in a statement on Saturday . He said the government would continue with the price maintenance policy of RM2.05 per litre for RON95 petrol and RM2.15 per litre for diesel which had been maintained since Feb 10.

 

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this damn clown 🤡

Oohh wow, we're alive with pleasure now.

Bullshit je. Laptop yang kata nk bagi dekat student pon sampai sudah xdpt.

tzafrul_aziz , go into it deeper. Do you think lockdown everyone up for 4 weeks by merely subsidizing on the cooking oil enough or not? The most direct impact will be auto moratorium for 6 months and you will see money in the economy.

tzafrul_aziz just provide TNB subsidy The current subsidy of 2sen is a blardy cruel joke

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