PUTRAJAYA: The government's decision to implement targeted diesel subsidies is necessary to save the country, said Prime Minister Datuk Seri Anwar Ibrahim.
PUTRAJAYA: The government's decision to implement targeted diesel subsidies is necessary to save the country, said Prime Minister Datuk Seri Anwar Ibrahim.
"In fact, we have said that all prime ministers before this had agreed on the targeted subsidy, but there was no political will to implement it because of the risks involved. However, to save the country, we have no choice," said Anwar, who is also Finance Minister. Finance Minister II Datuk Seri Amir Hamzah Azizan, when announcing the matter, said it is the market price without subsidy based on the average for May 2024 according to the Automatic Pricing Mechanism formula.He said the implementation of the diesel price float and targeted subsidies could provide savings of RM4 billion annually and strengthen the country's financial position in the long term.
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