Govt likely to introduce targeted fuel mechanism: Mustapa


KUALA LUMPUR: The government is likely to introduce a targeted fuel mechanism to cushion the impact of the rising crude oil prices, especially on the lower income group.

Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed said the government is still working on a suitable structure and expects it to be completed soon.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Mustapa Mohamed , oil , subsidy , RON95 , diesel , CPI , Bank Negara

   

Next In Business News

Wall St set to open sharply higher on soft jobs data
US job growth slows in April; unemployment rate rises to 3.9%
HSBC has no plans to dispose of further businesses, Chairman says
MJets Air inks aircraft charter agreement with Teleport
Ringgit extends gains to end higher against US dollar
S P Setia to launch Nadi 2, Setia Commerce Square in Setia EcoHill 2, Semenyih this weekend
Farm Price IPO oversubscribed by 91.35 times
XOX to undertake RM303mil capital reduction
Uzma bags contract from Sarawak Shell
Loob Holding eyes Tealive chain expansion into Indonesia by year-end

Others Also Read