Current fuel subsidy to be reviewed, targeted subsidy for needy instead, says Tengku Zafrul

Photo: Bernama

KUALA LUMPUR: The current fuel subsidy will be reviewed in favour of a targeted programme for the needy due to the sharp rise of global crude oil prices, says Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz.

He said that the government could be paying up to RM28bil in subsidies for petrol, diesel and liquefied petroleum gas (LPG) for 2022, as the Russian-Ukrainian war has pushed crude oil prices over US$100 (RM418) per barrel, the highest level seen since 2014.