High daily diesel abuse before targeted subsidy


KUALA LUMPUR: At least 6.5 million litres of diesel were misappropriated by industries or smuggled into neighbouring countries daily before the targeted diesel subsidy was introduced, according to the Finance Ministry.

Finance Minister II Datuk Seri Amir Hamzah Azizan said the rationalisation of the diesel subsidy had led to a daily decrease of 23%, or 6.5 million litres, in diesel sales at Peninsular Malaysia’s petrol stations.

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