Up to 18% savings from targeted subsidies

The government is in the final stage of discussing the implementation of subsidy rationalisation.

KUALA LUMPUR: The government is expected to shave up to 17.5% of its petrol and diesel subsidy expenditures once the petroleum subsidy rationalisation plan takes place next year, says Economy Minister Mohd Rafizi Ramli.

The subsidy rationalisation is on track to be carried out and the government is already in the final stage of discussing its implementation.