Fuel subsidies to remain for public transport, fishing sectors

  • Nation
  • Thursday, 27 Nov 2014

PUTRAJAYA: Fuel subsidies for public transport vehicles and fishing vessels remain unchanged under the managed float system that will be implemented on Monday, Dec 1.

Domestic Trade, Cooperatives and Consumerism Ministry secretary-general Datuk Seri Alias Ahmad (pic) said pump prices of diesel for those in the two sectors would remain at between RM1.68 and RM1.88 per litre.

He said under the super subsidy scheme, RM1.68 was the price for fishing vessels and RM1.88 was for public transport vehicles.

"They are holders of fleet cards and in the group of 11 types of vehicles that are entitled to the super subsidy scheme.

"Until there is a new announcement, fuel subsidies for these 11 types of vehicles and fishermen remain unchanged," he said after addressing the Ministry's town hall session on Budget 2015.

Among the 11 types of vehicles are taxis; school, express, stage and feeder buses; ambulances operated by voluntarily organisations, and hearses.

Alias also said the Government was still studying the fuel subsidy rationalisation programme, but could not reveal at what stage it was currently at.

"We are looking at several proposals," he said.

The Government announced last week that the retail price for RON95 petrol and diesel would be fixed on a managed float system, similar to that used for RON97 petrol.

The current price of RON95 petrol is RM2.30 per litre while diesel is at RM2.20 per litre.

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