Malaysia

No plans for now to abolish fuel subsidies: Salahuddin

Petrol and diesel subsidies to stay until a decision to implement targeted subsidies is made

Updated 3 years ago · Published on 11 Feb 2023 6:01PM

No plans for now to abolish fuel subsidies: Salahuddin
The government will keep petrol and diesel subsidies for now. – The Vibes file pic, February 11, 2023

JOHOR BARU – The government is still maintaining petrol and diesel subsidies for now and has no plans to abolish them in the near future, said Minister of Domestic Trade and Cost of Living, Datuk Seri Salahuddin Ayub.

He said the government’s stance on petrol and diesel subsidies remains unchanged.

“That's an independent view (of economists). The government is free to accept any view.

“However, for now, the government today is still maintaining petrol and diesel subsidies, until a decision for us to implement targeted subsidies is made,” he told reporters after launching the Retail Sector Digitalisation Initiative (Redi), in Kipmall, Tampoi here today.

The Pulai MP said this when asked about the expectations of economists, regarding the possibility that the unity government will announce the abolition of petrol and diesel subsidies in the tabling of the next budget while replacing them with a system of assistance to those in need. 

Meanwhile, he said his ministry plans to open five Redi programmes, in Penang, Melaka, Perlis, Sabah and Sarawak.

“As of December 31 last year, a total of 8,479 rural traders have switched to the digital medium, and now it has been expanded further in the state of Johor by targeting a total of 233 Kipmall traders and 120 traders at the Perling public market.”

Last year, Redi, which reduces dependence on cash, and benefits consumers and traders, has been successfully implemented on a pilot basis in Putrajaya, Hulu Terengganu, Pangkor Island and Labuan. – Bernama, February 11, 2023

Related News

Malaysia / 2y

Minister vows immediate approval for full diesel subsidy applications

Malaysia / 2y

Tour agents warn of pricier packages without diesel subsidy

Malaysia / 2y

Anwar cites Singapore bus fare hike to defend diesel subsidy cut

Malaysia / 2y

Diesel price hike could force small players to close, says hardware group

Malaysia / 2y

Govt warns towing companies, concrete makers against profiteering

Malaysia / 2y

Consumers warned of price hikes after diesel subsidy cut

Spotlight

Malaysia

Haze: Schools in Johor, Melaka, and Negeri Sembilan to close tomorrow

Malaysia

Tun Mahathir’s health improves, but not ready to leave hospital

Malaysia

LPT3 row puts Kelantan’s infrastructure priorities under scrutiny

Malaysia

Terengganu royal family member sues two banks over RM1.99m missing from savings

Malaysia

Irene Sofiya murder probe referred to Johor prosecutors for review

Malaysia

Teacher denies negligence charges over fatal school SUV crash in Kota Bharu

Malaysia

Sulaiman Md Ali opts out of Melaka polls, will not defend Lendu

You may be interested

Malaysia

Nepal flood disaster: Families of 54 missing Malaysians seek debt freeze as legal limbo deepens

Malaysia

Students can express views or criticism without fear of prosecution - PM Anwar

Malaysia

Four friends charged over murder of durian seller buried in Semenyih

Malaysia

Government project contracts to be disclosed from next year - Anwar

Malaysia

Budget 2027 debate begins as MPs press government on healthcare, exports and unpaid KPF shares

Malaysia

Tun Mahathir’s health improves, but not ready to leave hospital

Malaysia

Teacher denies negligence charges over fatal school SUV crash in Kota Bharu

Malaysia

PKR leader challenges BN to state position on Eric See-To controversy

By Alfian Z.M. Tahir