DUBAI: The new fuel subsidy scheme for RON95 petrol will come into effect mid-2015, while that for diesel will be slightly earlier, said Finance Minister Datuk Seri Najib Tun Razak.
"It is a bit premature (to disclose details) as it is still at a 'request for proposal' stage. We are looking at proposals, which means we will not implement it immediately. As for now, the present system will continue," said Najib, who is also Prime Minister, after attending the 10th World Islamic Economic Forum (WIEF) here on Thursday.
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