After listing the Madani government's many wins over the past year, Anwar Ibrahim said diesel will be the first in the move to implement targeted fuel subsidies.
Subscribe to our FREE Newsletter, or Telegram and WhatsApp channels for the latest stories and updates.His address was to enlighten the people on the present state of Malaysia’s economy.
After listing the success stories, Anwar said the Cabinet in a meeting today agreed to implement targeted subsidies on fuel which will begin with diesel. To curb any sudden surge in the prices of goods and services, Anwar said the government will provide diesel subside to traders using diesel-powered commercial vehicles involving 10 types of public transportation as 23 types of cargo carrying vehicles under the Subsidised Diesel Control System or SKDS.“The government will also give diesel subsidy to fishermen in certain categories,” he said.
He did not however provide a date on when this will come into effect, saying that further details will be provided later by the relevant ministry.
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