What target subsidised diesel price does Putrajaya plan to set?

Question

Accepted Answer

Putrajaya Aims to Set Subsidised Diesel Price at RM2.10 Per Litre

Putrajaya plans to set the targeted subsidised diesel price at RM2.10 per litre. This adjustment is part of a broader reform aimed at enhancing the efficiency of diesel subsidies and is expected to save the government up to RM2 billion annually. The reform allows eligible citizens to purchase diesel at this lower, subsidised rate.
Reduced Subsidised Diesel Price

The government intends to lower the price of subsidised diesel from the current RM2.15 per litre to RM2.10 per litre. This targeted price reduction is a direct benefit of the new subsidy mechanism, which aims to ensure that the subsidy reaches the intended recipients.
Potential Annual Government Savings

The implementation of this MyKad-linked diesel subsidy reform is projected to yield significant cost savings for the government, estimated to be as much as RM2 billion per year. These savings are a key driver for the reform, allowing for better fiscal management and the reallocation of funds.
Addressing Diesel Smuggling

This reform is also a strategic move to combat widespread diesel smuggling, particularly in the east coast states. The minister noted that diesel sales in Sabah and Sarawak reached 200 million litres per month in March and April, approximately double the expected volume based on registered diesel vehicles, indicating potential illicit activities.
Benefits for Malaysian Citizens

By linking subsidies to the MyKad system, the government aims to ensure that Malaysian citizens benefit directly from the lower subsidised diesel price. This initiative underscores the government's commitment to providing economic relief and ensuring that national resources are utilised for the benefit of the populace.

Reading history

Hide →

This history is cleared when the page is closed.

What target subsidised diesel price does Putrajaya plan to set?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

2

0

0

Share with friends