“We expect higher prices for RON 95 petrol and diesel next year with the revision of fuel subsidy. We understand that the test for the targeted subsidy mechanism started last month and will go on for three to six months. Therefore, we predict that fuel subsidy will be revised again next year as part of the Budget 2023 agenda, which isThe need for Malaysian to move away from blanket fuel subsidy is clear.
He was repeating what he said in May, that Malaysia’s rich are enjoying the lion’s share of government subsidies. “, while 15 cents benefit the B40. So, for example if the subsidy bill this year is expected to top RM30 billion, over RM15 billion is subsidy to the T20,” the senator said then. Why so? The affluent have more cars, their cars consume more fuel and have larger fuel tanks. It’s as simple as that. While the need for targeted subsidy is clear, it’s much harder to find good way to implement a system that will that benefit the intended recipients with minimal leakage, and is universal.
In July, Tengku Zafrul, in a written parliamentary reply, said that a mechanism for targeted subsidy is being tested. “The testing will be followed by more extensive testing,” he said, adding that the government wants to ensure the feasibility of the mechanism in both urban and rural areas. “It is expected to take between three and six months before the new system is implemented nationwide,” he said, adding that the implementation of the targeted fuel subsidy mechanism will be implemented in stages to ensure it does not cause inflation or affect economic growth. Will the government use
What is the point of this posting? Totally no value, 33million Malaysians knows RON95 prices will go up to RM4 after GE15 results are announced.....not before it
Kalau nak buat market price okay jer....remove ron 95.. sell subsidies ron 97 and above....bila kaji lebih kurang sama jer...so undilah siapa yang nak jaga barang x naik itu jer...ikut kata maybank mmg diorng nak lagi banyal duit dpt...boleh introduce loan utk petrol