PSM says the money used to subsidise fuel could be channelled towards public transport instead. FMTNews FuelSubsidy
PETALING JAYA: Parti Sosialis Malaysia today called on Putrajaya to do away with the fuel subsidy, saying this would save the government nearly RM6 billion in the wake of reports that oil markets have suffered their worst drop since the Gulf War.
He said the money saved from removing the APM could be used to subsidise and expand public transport nationwide. He added however that the price of diesel should be regulated to prevent upward pressure on inflation. He suggested that the price for Euro 2M Diesel and Euro 5 Diesel be fixed at RM2.20 per litre and RM2.00 per litre respectively.
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