Focus

Govt studying, reevaluating subsidies, assistance including RON95 subsidy - Economy Ministry

The proposed implementation of the targeted RON95 subsidy will be finetuned from all aspects so that the initiative will run smoothly and increase the effectiveness of aid distribution to the people.

21 Jul 2024 10:08am
The government is still studying and reevaluating the subsidies and assistance provided to the people, including that for RON95, the Economy Ministry said.- BERNAMA FILE PIX
The government is still studying and reevaluating the subsidies and assistance provided to the people, including that for RON95, the Economy Ministry said.- BERNAMA FILE PIX

KUALA LUMPUR - The government is still studying and reevaluating the subsidies and assistance provided to the people, including that for RON95, the Economy Ministry said.

The proposed implementation of the targeted RON95 subsidy will be finetuned from all aspects so that the initiative will run smoothly and increase the effectiveness of aid distribution to the people, it said.

The ministry said engagement sessions will be held with all stakeholders to ensure every aspect is taken into account, including the timeline for the implementation and appropriate mechanism that will enable those affected to receive the proper benefit.

"The government is considering various proposals based on the use case conducted using the Central Database Hub (Padu) system.

"In addition, the social assistance distribution is also being studied to ensure the people, especially aid recipients, are not too burdened by the expected rise in the prices of goods when the government implements a subsidy rationalisation,” it said in a written reply posted on the Parliament website on Thursday.

The ministry was responding to a query from Tan Sri Muhyiddin Mohd Yassin (PN-Pagoh) who wanted to know the mechanism used for petrol and diesel subsidy rationalisation, including the implementation timeline, financial implications and method.

The ministry continued that any decision taken by the government will be communicated clearly to the people to prevent confusion towards policies planned for implementation.

"For the time being, the focus and priority will be on implementing diesel subsidy until the diesel subsidy rationalisation has stabilised and achieved the objectives set,” it said.

It added that the targeted fuel subsidy initiative, with diesel subsidy rationalisation starting on June 10, 2024, is expected to strengthen the nation’s fiscal position and reduce leakages due to smuggling activities. - BERNAMA

Targeted subsidy
RON95
Diesel
Economy Ministry
Dewan Rakyat
padu
More Like This
City police chief Datuk Rusdi Mohd Isa - FILE PIX / ROSLI TALIB
City police chief Datuk Rusdi Mohd Isa - FILE PIX / ROSLI TALIB
National UM lecturer, students among seven questioned over cat deaths
The carcass of a cat, found on Dec 21, was handed over to the police by an animal rights activist and has been sent to a veterinary laboratory for examination and autopsy.
The new tariff schedule with a base tariff of 45.62 sen per kilowatt-hour for Peninsular Malaysia under Regulatory Period 4 (RP4) is proposed to be implemented starting July 1, 2025, Tenaga Nasional Bhd said today.
The new tariff schedule with a base tariff of 45.62 sen per kilowatt-hour for Peninsular Malaysia under Regulatory Period 4 (RP4) is proposed to be implemented starting July 1, 2025, Tenaga Nasional Bhd said today.
National TNB proposes to impose higher base tariff for Peninsular Malaysia for 2025-2027
TNB said the regulatory rate of return has been maintained at 7.3 per cent as per RP3 and this would enable the utility firm to make essential investments in the industry, ensuring a continuous and reliable electricity supply to meet growing demand.
A generator room supplying electricity to the Tuanku Ja'afar Hospital here caught fire earlier this afternoon.
A generator room supplying electricity to the Tuanku Ja'afar Hospital here caught fire earlier this afternoon.
National Lorry accident causes fire at HTJ generator room
The fire was caused by a lorry, believed to be carrying construction materials, which snagged an electrical cable, causing the cable pole to collapse.
Photo for illustration purpose only. - Photo illustrated via Canva
Photo for illustration purpose only. - Photo illustrated via Canva
National Immediate reform needed in social media regulations to protect children - Syerleena
"The Internet, once celebrated as a vast repository of limitless knowledge, has become a dark and perilous space for those who seek to exploit children."