Selangor Journal
Image for illustration purposes only. — Picture via PEXELS

Diesel subsidy retargeting only in Peninsular — Anwar

KUALA LUMPUR, Nov 2 — The retargeting of the diesel subsidy in phases will only be carried out in the Peninsular, Prime Minister Datuk Seri Anwar Ibrahim said.

Anwar, who is also the Finance Minister, said the retargeting will not cover Sabah and Sarawak due to the comprehensive use of diesel in these states.

“(The retargeting of) diesel subsidy is only in the Peninsular because diesel is used comprehensively in Sabah and Sarawak. Therefore, to implement it there, we would have to study the impact,” he said in the wind-up debate on the Supply Bill 2024 at the policy stage in the Dewan Rakyat today.

Anwar said the total annual subsidy cost, which has reached RM81 billion, is also being enjoyed by foreign nationals and the rich.

“However, subsidised diesel for the fishermen will be continued (at RM1.65 per litre) while that for public transportation, including school buses and vans, remains at RM1.88 per litre.

“Therefore, I hope this retargeting of diesel subsidy can be accepted, as it can reduce the government’s (financial) burden,” he added.

The current price of subsidised diesel for the public is RM2.15 per litre compared to the market price of RM3.78 per litre.

— Bernama

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