KUALA LUMPUR: Early signs indicate that the recent diesel subsidy rationalisation programme is effectively reducing leakages, said Finance Minister II...
Early signs indicate that the recent diesel subsidy rationalisation programme is effectively reducing leakages, said Finance Minister II, Datuk Seri Amir Hamzah Azizan.He noted that, when comparing sales before and after the subsidy retargeting, average daily sales at petrol stations in Peninsular Malaysia have fallen by more than 30 per cent, with stations in border areas experiencing reductions of 40 to 50 per cent.
Amir Hamzah was responding to Datuk Abdul Khalib Abdullah regarding the diesel subsidy coordination and the effectiveness of BUDI MADANI assistance for owners of M40 and B40 diesel vehicles in combating smuggling. “This usage level is sufficient for over 80 per cent of private diesel vehicle users, according to the Household Income and Expenditure Survey by the Department of Statistics Malaysia,“ he said.
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