Fuel, cooking oil targeted subsidies in the works

“The target is to ensure that those who need subsidies, will get the subsidies,” Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said.

KUALA LUMPUR: Malaysia has begun work on replacing its blanket petrol and cooking oil subsidies with a more targeted approach, as government spending rises to blunt higher living costs.

“The target is to ensure that those who need subsidies, will get the subsidies,” Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said in a Bloomberg TV interview yesterday.