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Govt gathering input on fuel subsidy


SHAH ALAM: The government has begun gathering input from stakeholders on how to effectively formulate the targeted fuel subsidy mechanism, says Domestic Trade and Con­sumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

He said the stakeholders were fuel companies, dealers and consumer associations.

“We want to formulate the right mechanism.

“We don’t want any glitches or hiccups and we hope for it to be implemented on April 1 at the earliest,” he said after visiting the factories of two food industry players here yesterday.

Saifuddin also said the government should be given time to formulate a proper mechanism.

Official business: (From left) Saifuddin with Eng Sheng Sdn Bhd managing director Datuk Richard Khor and executive director Datuk Sebastian Khor during a visit to the company’s factory.
Official business: (From left) Saifuddin with Eng Sheng Sdn Bhd managing director Datuk Richard Khor and executive director Datuk Sebastian Khor during a visit to the company’s factory.

He added that the same mechanism could be expanded to other subsidised items as well.

Under Budget 2019, the government put in a plan for motorists driving cars with engine capacities 1,500cc and below and riding motor­cycles 125cc and below to enjoy RON95 petrol at a lower price.

Eligible cars can receive the subsidy of up to 100 litres per month, while motorcycles are eligible for 40 litres per month.

   

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