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Targeted fuel subsidy under fine tuning process Saifuddin

0 month ago, 12-Aug-2019

Datuk Seri Saifuddin Nasution Ismail – Bernama file photo

GEORGE TOWN: The governments targeted fuel subsidy meant for the B40 (lower income) group is in the fine tuning process , said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

“Although in terms of the timeline it should have been announced in the first quarter of this yearit is now in the final phase, he told reporters after attending an Aidiladha event at Surau Bandar Bayan Baru here today.

He explained that the phase involved much cross-checking of data to ensure only those truly eligible received the subsidyand that references were being made to the Bantuan Sara Hidup initiative, Road Transport Department, National Registration Department, Inland Revenue Board and Bank Negara.

Once completed, he said the paper would be tabled to the Cabinet and if approved, an announcement would be made for implementation throughout the country.

In Budget 2019, it was stated that owners of cars 1,500cc and below or motorcycles 125cc and below will be eligible for RON 95 petrol subsidy, limited to 100 litres/month for the former and 40 litres/month for the latter. – Bernama

Targeted fuel subsidy under fine tuning process – Saifuddin Borneo Post Online.

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