KUALA LUMPUR: Diesel subsidy claims by oil companies for August 2024 have decreased by 51.6% against claims in May 2024 since the June 10 2024 impleme...
: Diesel subsidy claims by oil companies for August 2024 have decreased by 51.6% against claims in May 2024 since the June 10 2024 implementation of targeted diesel subsidy, said the Economy Ministry.“Starting this year, the government will implement the targeting of subsidies in phases to plug in leakages which have resulted in billions of ringgit losses to the country.
The Economy Ministry said after targeted subsidies were implemented for chicken and electricity, the government implemented a targeted diesel subsidy involving 23 types of land transport vehicles for goods through the subsidised diesel control system using fleet cards. “Public land transport vehicles including school buses, express buses, stop-and-go buses, ambulances and volunteer firefighters still enjoy super subsidised prices at RM1.88 per litre and fishermen at RM1.65 per litre,“ he said.
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