Diesel subsidies cost govt RM1bil a month, says minister

PETALING JAYA: Diesel subsidies cost the government’s coffers RM1bil a month while leakages cost the nation RM4.5mil a day, says Finance Minister II Datuk Seri Amir Hamzah Azizan.

“The disparity from market price has incentivised years of smuggling into neighbouring countries and allowed large segments of the commercial sector to increase profits on the back of cheap diesel, which they are not eligible for in the first place,” he said.