Finance minister: Govt in the midst of testing mechanism for targeted fuel subsidy system

KUALA LUMPUR, July 7 — The government is in the midst of testing the mechanism for the targeted fuel subsidy system but no timeline has been set for the execution, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said.

The minister said based on a study by Bank Negara Malaysia, for every RM1 of fuel subsidy, 53 sen goes to the T20 group while 15 sen is utilised by the B40. “Obviously the customers’ experience would vary in the rural areas as well as the city,” he told reporters after witnessing the launch of the Edotco sustainability blueprint and report 2021 here today.

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Finance minister: Govt in the midst of testing mechanism for targeted fuel subsidy systemKUALA LUMPUR, July 7 — The government is in the midst of testing the mechanism for the targeted fuel subsidy system but no timeline has been set for the execution, Finance...
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