Finance minister II says 6.5 million litres of diesel misappropriated or smuggled daily before targeted subsidy began

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Finance minister II says 6.5 million litres of diesel misappropriated or smuggled daily before targeted subsidy began
Amir Hamzah Azizan,Finance Ministry,Diesel

KUALA LUMPUR, July 23 — The Ministry of Finance has concluded that at least 6.5 million litres of diesel were misappropriated by industries or smuggled into neighbouring...

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He noted that in early June the average daily diesel sales was 28.6 million litres, which dropped to 22.2 million litres in early July 2024. He was responding to questions from Senators Datuk Azhar Ahmad, Datuk Shamsuddin Abd Ghaffar, and Datuk Abdul Halim Suleiman, who had collectively inquired about the effectiveness of the Madani Subsidy Assistance initiative following the diesel subsidy rationalisation.

Meanwhile, the minister stated that the government provides a monthly RM200 cash aid for small farmers and smallholders whose annual sales fall between RM50,000 and RM300,000.

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