Nation

Targeted subsidies for petrol, diesel likely in 2024 using three mechanisms

By RAGANANTHINI VETHASALAM, TARRENCE TAN and GERARD GIMINO

KUALA LUMPUR: Targeted subsidies for petrol and diesel are likely to be implemented in 2024 using three mechanisms, says Rafizi Ramli.

The Economy Minister told the Dewan Rakyat that the first mechanism will be based on individual net disposable income.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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Subsidies , Fuel , Petrol , Diesel , Economy MInistry , Parliament

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