Minister: Govt needs time to finalise targeted petrol subsidy | Malay Mail

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Minister: Govt needs time to finalise targeted petrol subsidy

Datuk Seri Saifuddin Nasution Ismail speaks during a press conference in Parliament April 4, 2019. — Picture by Yusof Mat Isa

Its minister Datuk Seri Saifuddin Nasution Ismail said although the implementation date did not meet the set target of the second quarter of this year as announced in the 2019 Budget, he was optimistic that it could be implemented this year. “We took the first two quarters and now we have completed them. However, the implementation should only be carried out with the permission or consent from the Cabinet and we are now in the midst of preparing a Cabinet paper, a joint effort between KPDNHEP and the Finance Ministry.

Malaysians normally use about 1.2 billion litres of petrol each month with 90 per cent of it being subsidised RON95 while the rest is RON97.

 

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