KUALA LUMPUR: The eligibility criteria and mechanism for the RON95 subsidy should be announced in a few weeks, says Economy Minister Rafizi Ramli.
He said his ministry would present related matters to the Cabinet soon for approval before informing the public.
“The Economy Ministry and Finance Ministry will bring the proposal of the mechanism and eligibility to Cabinet for approval, and as we progress, we will communicate to the public as soon as possible.
"Given that the timeline is in a few months, and this is already January, some of these announcements have to be made progressively going forward," he said at the Malaysian Economic Forum on Tuesday (Jan 9).
Rafizi said the announcement would include the transition from existing gross income criteria, which comprise B40, M40, and T20, to net disposable income.
“We have informed the proposal of policy changes, but the Cabinet's decision has to be official so we can proceed to the next steps.
"In a few weeks, we hope to finalise the matter with the government’s approval in accordance with the proposal by the Economy Ministry,” he added.
When tabling Budget 2025, Prime Minister Datuk Seri Anwar Ibrahim announced that targeted subsidies for RON95 petrol would be implemented by mid-2025.
Anwar said 85% of the population will continue to receive the subsidy.
