News

Govt needs time to finalise targeted petrol subsidy - Saifuddin Nasution



NIBONG TEBAL, July 13 (Bernama) -- The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has urged the public to give the government time to finalise the implementation mechanism of the targeted petrol subsidy for the lower income group or B40.

Its minister Datuk Seri Saifuddin Nasution Ismail said although the implementation date did not meet the set target of the second quarter of this year as announced in the 2019 Budget, he was optimistic that it could be implemented this year.

He said from January to June this year, he held numerous meetings with stakeholders such as oil companies, petrol station operators, consumer associations, Bank Negara, Customs Department, Road Transport Department and the Secretariat who worked on the recipients’ data, in efforts to find the best mechanism to implement the system.

“We took the first two quarters (on preparations and research on the mechanism) and now we have completed them. However, the implementation should only be carried out with the permission or consent from the Cabinet and we are now in the midst of preparing a Cabinet paper, a joint effort between KPDNHEP and the Finance Ministry.

“We are now in the second week of July and I am optimistic that we can present this Cabinet paper this month, and once we have done that, we can announce it,” he told reporters after officiating the Petroleum Safety Awareness Campaign programme at BH Petrol in Jawi, here today.

Malaysians normally use about 1.2 billion litres of petrol each month with 90 per cent of it being subsidised RON95 while the rest is RON97.

In February this year, the government announced the price of RON95 petrol was capped at RM2.08 for all consumers regardless of the global petrol price.

Saifuddin Nasution said the Cabinet paper comprised all planning and mechanisms of the the targeted petrol subsidy system including the timeline and the number of recipients, in detail.

He said for now everything went well and his ministry did not face any problems in preparing the paper.

-- BERNAMA





    Other News

Sarawak Lepasi Sasaran Kapasiti Gabungan Tenaga Boleh Baharu Tahun Ini - Abang Johari

Oleh Nur Ashikin Abdul Aziz

SINGAPURA, 21 Okt (Bernama) -- Sarawak mencapai 62 peratus sasaran campuran kapasiti tenaga boleh baharu (TBB) tahun ini, melepasi sasaran 60 peratus yang digariskan dalam Strategi Pembangunan Pasca COVID-19 (PCDS) 2030.


Sarawak Pacu Pertumbuhan Tenaga Boleh Diperbaharui Untuk Manfaat ASEAN - Premier

SINGAPURA, 21 Okt (Bernama) -- Sarawak komited menyokong peralihan tenaga boleh diperbaharui di Asia Tenggara dengan memanfaatkan potensinya sebagai "Bateri ASEAN," yang akan membekalkan tenaga bersih menerusi sambungan Grid Kuasa Borneo dan ASEAN.             


Belanjawan 2025 Percepat Peralihan Kepada Tenaga Bersih - Solarvest

KUALA LUMPUR, 19 Okt (Bernama) -- Belanjawan 2025 merupakan satu langkah ke arah mempercepat peralihan kepada tenaga bersih di Malaysia, kata Solarvest Holdings Bhd. 



© 2024 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Contact us :
General [ +603-2693 9933, helpdesk@bernama.com ]
Product/Service Enquiries [ +603-2050 4466, digitalsales@bernama.com ]