KUALA LUMPUR: A fuel subsidy scheme where the rich will pay more compared to the lower income group is being considered, says Datuk Seri Mohamed Azmin Ali.
The International Trade and Industry Minister said the ministry was mulling a targeted fuel subsidy to benefit the lower income group.
"Those with a BMW cannot receive the same subsidies as those with Kancil," he said at a press conference on Saturday (May 21).
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He said they had discussed this at a recent meeting on ways to ease the impact of rising global crude oil prices, particularly on the lower income group.
"We talked about the review in a special retreat recently," he said.
He noted that the government was still seeking a suitable restructuring mechanism for the purpose.
This, he added, was necessary following a drastic increase in the fuel subsidy projection from RM11bil last year to RM28bil in 2022.
More to come